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SEC Presses Ahead With Ripple Lawsuit With Gensler at the Helm

  • Agency asks judge to block crypto firm from obtaining emails
  • Filing latest in SEC case against company over XRP coin
Ripple Says it Faces SEC Lawsuit as Cryptocurrency XRP Drops
Photographer: Andrew Harrer/Bloomberg

U.S. Securities and Exchange Commission Chairman Gary Gensler is showing no signs of backing away from the regulator’s high-stakes lawsuit against Ripple Labs Inc.

In a Wednesday court filing, the first the SEC has submitted in the case since Gensler took over last week, the agency asked a federal judge to block Ripple’s demands that the regulator turn over internal emails and communications on officials’ personal devices. The move signals that the SEC is pushing ahead with its December suit alleging Ripple sold the XRP digital token without properly registering it as a security.