XRP Lawsuit: SEC officially admit it’s failure to inform XRP is security.

The latest update in the XRP lawsuit could be grounds for the final verdict. Ripple’s first request for admissions (No.99) to the SEC, which was attached to the recent court filing unveiled the most crucial information for the lawsuit, to date. The document confirms that the SEC never informed any third parties that XRP was security until the lawsuit was filed. This information is now an official admission in the case.

“Subject to all of the foregoing objections, the Commission admits that before the filing of this case certain third parties inquired about the legal status of XRP. However, the Commission did not state a view one way or the other in response.”, the SEC answered to Ripple’s Request for Admission No. 99.

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