您现在的位置是:Court denies SEC’s financial records request >>正文
Court denies SEC’s financial records request
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛79人已围观
简介A judge has dismissed the US Securities and Exchange Commission’s request to obtain years of f...
A judge has dismissed the US Securities and Exchange Commission’s request to obtain years of financial records from Ripple executives
A judge has agreed to dismiss the SEC’s request for years’ worth of financial records pertaining to Ripple executives. The regulatory agency has been locked in a legal battle with Ripple after alleging that the execs issued and sold unregistered securities in the form of XRP tokens.
A court document from last week shows that the regulatory agency’s request for eight years of financial records belonging to co-founders Brad Garlinghouse and Chris Larsen was denied.
Last month, Ripple CEO Brad Garlinghouse and Executive Chairman Larsen filed a motion with the courts to dismiss the SEC’s request, arguing that the request constituted a wholly inappropriate overreach.
According to Netburn, the commission’s request to obtain financial records unrelated to XRP transactions that the executives agreed to submit was irrelevant and disproportionate in relation to the existing case.
She wrote, “The SEC shall withdraw its requests for production seeking the individual defendants’ personal financial records and withdraw its third-party subpoenas seeking the same.”The judge added that if the case progresses to a point where the regulator uncovers evidence showing Garlinghouse and Larsen lied about their XRP transaction records, the SEC can renew its application.
This latest development puts the SEC on the back foot for the second time in two weeks. Last week, the court approved Ripple’s request to look into the SEC’s internal communications over how the agency classified the cryptocurrency as a security.
The case initially affected XRP’s price, as it lost more than 50% of its value following the charges. The cryptocurrency was also delisted on several cryptocurrency exchanges. However, XRP has since bounced back and is at a 3-year high, close to $2.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/97517.html
相关文章
Solana to become like Visa, but for crypto: Bank of America
Court denies SEC’s financial records requestSolana will curve off Ethereum’s market share to see Visa-like transactions, says BofA strateg...
阅读更多
BitMEX's affiliate arm to acquire one of Germany's oldest banks
Court denies SEC’s financial records requestThe agreement of purchase is subject to regulatory approval by Federal Financial Supervisory Authori...
阅读更多
Shiba Inu (SHIB) looks poised for a 40% bullish breakout
Court denies SEC’s financial records requestShiba Inu (SHIB)looks set for a significant bullish breakout in the coming days with estimates showi...
阅读更多
热门文章
- Samsung teases AI health ring after new Galaxy smartphone bling
- AI 'SHERPA' will guide NASA's VIPER rover across the Moon's south pole
- World's only commercially available hydrogen fuel cell exhibited at CES 2024
- New token quietly gaining traction, while Dogecoin and Cardano stagnate
- Beyond Bluetooth, Wi
- Ark Invest CEO: Blockchain tech remains a big trend in 2022
最新文章
Crypto market buoyant, UK markets highest since end 2019
Betting opportunities on Chancer for PlayStation gamers as September free games leak
Thorchain's THORSwap DEX now in maintenance mode amid illicit activity
Breakthrough: Mini device converts molecular movement into electricity
How the Netherlands is turning into a crypto hub
Coinbase expands futures trading services globally