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

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Tue, 08/03/2021 - 18:59
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Alex Dovbnya
The court has approved Ripple CEO Brad Garlinghouse’s request for seeking documents from Binance
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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.