Cryptocurrencies
SEC Seeks Personal Financial Information of Ripple Executives
- Ripple executives call request an ‘inappropriate overreach’
- SEC sued claiming XRP was sold without registering as security
The U.S. Securities and Exchange Commission headquarters in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The U.S. Securities and Exchange Commission is seeking personal financial information of two Ripple Labs Inc. executives in a lawsuit where it claims the company misled investors in the cryptocurrency XRP by selling the virtual tokens without registering.
Ripple co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse on Thursday asked a federal judge to block subpoenas sent to six banks seeking eight years worth information, saying the request is a “wholly inappropriate overreach” in a suit that doesn’t involve alleged fraud.