Ripple Seeks To Serve 2 Key Subpoenas Against SEC; Will This Be A Game Changer

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Defendants Ripple, Bradley Garlinghousems, and Chris Larsen have made another move to encircle the US SEC in the critical lawsuit.

Ripple sought consent from Video platform

According to James Filan, Ripple and other defendants have asked the court to serve non party subpoenas in order to obtain copies of seven video recordings. This move is taken to authenticate the court’s July 19, 2022 order. However, the letter mentions that the commission has not consented to this request and seeks to reopen the discovery.

The order states that the parties met and conferred on July 27, 2022, and agreed to seek to authenticate the remarks once the defendants issue them downloaded copies. It added that these recordings are hosted by two platforms and hold terms of service. This is the main reason restricting the Defendants from getting these videos.

It highlighted that Ripple had sought consent from the platforms. The video owners asked to serve a subpoena so that they can produce the content in court. The letter states that SEC will consent only if the defendants accept to reopen the discovery.

SEC seeks to reopen discovery

This will lead the SEC to serve its own set of subpoenas to obtain copies of some unspecified recordings to support its claims.

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