The US Securities and Exchange Commission (SEC), which is recovering from a recent request by Ripple (XRP) for information on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) transactions made by financial regulator staff, continues its attack. She asks the cryptocurrency giant for audio and video recordings of XRP employee meetings.
The SEC claimed that Ripple’s representatives hid from them the existence of information sources that could contain evidence potentially relevant to the trial. The financial regulator also said that it requested this type of information from the cryptocurrency giant in January this year, but did not receive anything.
The existence of this dossier was revealed only recently, during the interrogation of the former XPR employee by the SEC. According to him, the cryptocurrency giant keeps audio and video recordings of all employee meetings.
After learning of the existence of the file potentially containing material relevant to the trial, the financial regulator asked the defendant to confirm it. The SEC also requested Ripple to turn over the aforementioned audio and video recordings.
XRP acknowledged the existence of these “routine ” records and issued a counter-statement. She stipulated to the Securities and Exchange Commission that the financial regulator would no longer ask the crypto organization to disclose internal company information.
According to the portal Quince, the SEC rejected such an agreement and invoked federal rule of civil procedure 26 (b) (1), which authorizes the collection of data relevant to either party’s claim or defense of such suit.
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