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SEC vs. Ripple: Judge Allows Brad Garlinghouse to Seek Docs from Binance

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Tue, 3/08/2021 - 18:59
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SEC vs. Ripple: Judge Allows Brad Garlinghouse to Seek Docs from Binance
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Ripple CEO Brad Garlinghouse’s motion to obtain international discovery has been granted by Magistrate Judge Sarah Netburn.

As reported by U.Today, Garlinghouse is seeking to obtain documents about his XRP trading records from Binance Holdings Limited, a subsidiary of the Binance exchange that is based in the Cayman Islands.

The court will arrange the delivery of a letter of request to the Central Authority of Cayman Island on Garlinghouse’s behalf after communicating with counsel.

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The motion was widely expected to be granted since there was no opposition from the U.S. Securities and Exchange Commission.

In June, Garlinghouse and Ripple co-founder Chris Larsen were also allowed to obtain evidence from Bitfinex, Bitstamp, OKEx, and other exchanges.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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