In the midst of an ongoing legal dispute with the SEC, Ripple defendants strike back with a motion to expose the XRP holdings of SEC employees, a token they have alleged is an unregistered security.
- On August 27th, Ripple’s attorney James Filan filed a new motion demanding the SEC to produce documents related to its own employees’ XRP holdings.
- The legal order comes in reply to four past meetings Ripple has had with the SEC related to this issue in the summer, which have all been “without progress.”
- The defendants were looking to obtain “anonymized documents reflecting trading preclearance decisions in relation to XRP, Bitcoin, and Ether.”
- Ripple’s motion was also seeking information specifically related to employee’s XRP holdings to be produced with redacted personal information or in aggregate form.
In their recent motion, Ripple shows that the SEC had “not adopted or imposed” any rules restricting their employees from trading in crypto until January 16th, 2018.
XRP USD up +1.55%, BTC USD up +0.67%, ETH USD up +3.28%