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Cryptocurrency

The XRP legal team has filed a motion aimed at revealing any crypto holdings among SEC employees

Ripple lawyers have filed a motion to compel the SEC to produce documents showing whether its employees were permitted to trade XRP and other digital assets.

The filing repeats a question the Securities Exchange Commission (SEC) has been asked on several occasions surrounding whether or not officials had any interests in digital assets leading up to classifying XRP as an unregistered securities product.

The District Court for Southern New York accepted the filing on Friday, which was submitted on behalf of Ripple Labs, Ripple CEO Brad Garlinghouse, and Ripple executive chairman Chris Larsen.

The SEC now has a deadline of September 3 to respond to the question.

Filing leaked on Twitter

James K Filan, a litigator close to the XRP legal team, revealed the wording of the motion in papers leaked on Twitter.

One noteworthy aspect of the filing reveals the XRP legal team highlighted they have requested this information previously on July 8, July 15, August 18 and August 25 without response.

This is the latest turn in the unfolding tale of the XRP vs SEC legal saga – with more news expected today following a scheduled online meeting to discuss Ripple’s access to documents it claims will be legally relevant.

More crypto news and information

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

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