SnapBots News Review - Ripple is seeking docs from 15 offshore exchanges that it claims might prove “fatal” to the SEC’s allegations
Ripple thinks offshore exchange data will show its executives did not violate Section 5 of the Securities Act by selling XRP to the general public in the United States.
Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have filed a motion with the Securities and Exchange Commission (SEC) seeking that the SEC examine Bitfinex’s parent firm, iFinex, as well as 14 other international crypto exchanges.
iFinex, Bitforex, Bithumb, Bitlish, BitMart, AscendEX (previously Bitmax), Bitrue Singapore, Bitstamp, Coinbene, HitBTC, Huobi Global, Korbit, OKEx, Upbit Singapore, and ZB Network Technology are among the exchanges whose papers are sought in the June 2.
The letters of request, according to the motion’s accompanying memoranda, seek help from authorities in the Cayman Islands, Hong Kong, South Korea, the United Kingdom, Singapore, Seychelles, and Malta.
The motion comes just days after the SEC’s lawsuit against Ripple was given a major setback when the court denied the SEC’s request for access to correspondence between Ripple and its legal counsel.
Source: Cointelegraph
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