Ripple Agrees to Provide SEC with Company Records


In particular, Ripple will provide the SEC with the records of general meetings from the fourth quarter of 2014, meetings with SBI Holdings and others.

September 13, 2021, | AtoZ Markets The fintech company Ripple is going to provide the US Securities and Exchange Commission (SEC) with internal audio and video recordings, after the regulator submitted on August 31 a request to have access to this information.

Ripple agrees to hand over company records to SEC

In particular, the company will provide the records of general meetings from the fourth quarter of 2014, meetings with SBI Holdings and others.

Ripple and the Japanese financial conglomerate partnered in 2016. As part of the agreement, they created the joint venture SBI Ripple Asia. SBI Holdings said in December that the SEC’s actions would not affect the status of the XRP token in Japan.

Read also: SBI CEO: Ripple Will Go Public After Settling SEC Lawsuit

According to the post, the set of records also includes discussions by Ripple employees on the SEC investigation (Dec 22, 2020), the company’s outlook in light of the XRP price drop (Dec 26, 2020). February 2018) and the centralization of cryptocurrencies (March 30, 2020).

The parties will discuss the exact number of documents during the meeting.

Recall that AtoZ Markets reported on September 3, 2021, that Judge Sarah Netburn ordered the company to give the regulator access to the messages of its employees on the Slack messaging service.

Read also: SEC Accused of Double Standards in the Lawsuit Against Ripple

At the end of August, the fintech company filed a petition to compel the Commission to produce documents showing whether its employees were permitted to trade Bitcoin, Ethereum, and XRP tokens, and also requested documents from the cryptocurrency exchange Binance.

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