Ripple to face SEC request for further detection over XRP transactions

The U.S. Securities and Exchange Commission is asking a judge for additional discovery from Ripple Labs in connection with XRP transactions, according to a new legal filing.

Fast Facts:

  • The SEC is seeking six additional depositions and records on five more custodians, including former Ripple employees and Christian Gil, a co-founder of crypto trading firm and liquidity provider GSR. The SEC also wants Ripple to produce information on its XRP transactions following the filing of its complaint against the company last December, as well as on its lobbying efforts.

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