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The United States Securities and Exchange Commission (SEC) continues with his investigation in the case of Ripple Labs , the company of the cryptocurrency XRP. You have now requested to get the data from the international movements of the company.
This was made known by a judge of the New York district, Sarah Netburn, who is in charge of the case about the irregularities of this company of cryptocurrencies. entities outside the United States that are being asked for information, including some trading platforms.
All these transactions are also important for tracking of the lawsuit that exists against Ripple and XRP . In fact, there are regulators abroad that the US Securities and Exchange Commission has already asked for information, and some have refused. But most have collaborated.
For their part, at the beginning of April Ripple required the SEC not to request more information from the companies it has worked with, but this claim was rejected for not having any legal authority, according to the Commission’s lawyer, Jorge Tenreiro.
This is a civil litigation and there is a legal precedent that allows “Request for assistance” that is not equal to a subpoena by a federal court, argues the SEC.
In December , the SEC filed a lawsuit against Ripple, its CEO Brad Garlinghouse, and its co-founder Christian Larsen, for raise more than $ 1.3 billion through an “ongoing offering of unregistered digital securities” to investors, from the year 2013. millions of dollars.
The United States Securities and Exchange Commission considers that both individuals and cryptocurrency companies have a duty to register their offers with the commission or under an exemption if they qualify as securities.
In this sense, it is expected that the government of President Joe Biden will soon announce a series of regulations for the cryptocurrency market. This information was recently given by the president of the United States Securities and Exchange Commission (SEC), Gary Gensler, said that a regulatory framework is coming and that they are only awaiting instructions from the Treasury department to establish and announce the regulations.
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