No Rule Against Bitcoin, ETH or XRP Insider Trading at SEC Leaked Email Reveals

The United States Securities and Exchanges Commission (SEC), which has claimed jurisdiction over XRP, has no rules against holding or trading the crypto according to an email by the SEC.

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The United States Securities and Exchanges Commission (SEC), which has claimed jurisdiction over XRP, has no rules against holding or trading the crypto according to an email by the SEC.

“Our Ethics Office has a ‘Prohibited Holdings’ list pertaining to securities that fall within 5 C.F.R. 4401.102(c)(1). BTC, ETH, and XRP have never appeared on this list,” the email says.

This admission comes amid a battle of wits at the District Court for the Southern District of New York where Ripple and SEC are engaging in case management after SEC accused Ripple of being an unregistered security.

The revelation was made in the context of whether SEC should disclose internal deliberations over crypto security classifications in particular as it pertains to XRP as well as bitcoin and ETH with Judge Netburn to hold an in-camera review on whether they should be disclosed.

“They want conversations with other parties, and notes. Disclosing these would undermine our ability to gather information. The professor is on the pay-roll. There’s a Senator,” SEC’s attorney Jorge Tenreiro said in court this Tuesday as transcribed by specialist court reporters.