Ripple Seeks To Serve 2 Key Subpoenas Against SEC; Will This Be A Game Changer

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CoinGape
9w ago2022-08-04

Defendants Ripple, Bradley Garlinghousems, and Chris Larsen have made another move to encircle the US SEC in the critical lawsuit.

Ripple sought consent from Video platform

According to James Filan, Ripple and other defendants have asked the court to serve non party subpoenas in order to obtain copies of seven video recordings. This move is taken to authenticate the court’s July 19, 2022 order. However, the letter mentions that the commission has not consented to this request and seeks to reopen the discovery.

The order states that the parties met and conferred on July 27, 2022, and agreed to seek to authenticate the remarks once the defendants issue them downloaded copies. It added that these recordings are hosted by two platforms and hold terms of service. This is the main reason restricting the Defendants from getting these videos.

It highlighted that Ripple had sought consent from the platforms. The video owners asked to serve a subpoena so that they can produce the content in court. The letter states that SEC will consent only if the defendants accept to reopen the discovery.

SEC seeks to reopen discovery

This will lead the SEC to serve its own set of subpoenas to obtain copies of some unspecified recordings to support its claims.

Attorney Jeremy Hogans mentioned that by this request, Ripple wants to validate those 7 videos of SEC employees giving speeches. However, the SEC is again messing around. He added that the SEC played games while responding the last year too.

He highlighted that getting document authentication is standard stuff and this should not be this difficult. Meanwhile, Ripple wants these videos to be included as 3 of them are of former Commissioner Robert Jackson. However, he added that Judge Torres needs to see these videos.

On the market side, XRP prices are marginally up over the last 24 hours. It is trading at an average price of $0.3716, at the press time.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
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