Garlinghouse’s motion came as a part of the ongoing court case filed by the SEC, alleging that Ripple’s sale of XRP was an unregistered security offering worth more than $1.38 billion.
Judge grants request for Binance documents
According to the SEC’s amended complaint, Ripple CEO Garlinghouse sold more than 357 million units of XRP to “public investors in the market,” specifying the offers and sales were made on “worldwide” digital asset trading platforms as XRP was sold to investors “all over the world,” while violating Section 5 of the Securities Act of 1933.
Earlier this week, Garlinghouse’s Counsel filed a motion for international discovery, appealing to obtain Binance’s Cayman Island documents.
#XRPCommunity #SECGov v. #Ripple #XRP Brad Garlinghouse files a second Motion to Obtain International Discovery. I haven’t had an opportunity to see if it is duplicative of today’s earlier filing but it was docketed separately. https://t.co/OAmO4qmZSP https://t.co/ZN81yOn5TH
— James K. Filan