Ripple insists on cryptocurrency transactions by SEC employees

The Ripple company, whose securities lawsuit has been pending with the SEC since December, has once again requested the judge to make a statement on whether the SEC allows its employees to trade Bitcoin, Ethereum, and XRP. Information on the subject came from lawyer James Filan, who has been sharing about the case since the beginning.

In a post on Twitter, Filan said that Ripple asked the court to require the SEC to provide information on this matter. Ripple’s first request on this issue was on August 27. Judge Netburn gave the SEC until September 4 to respond to Ripple’s first request, and in its defense on that date, the SEC stated that it was not correct in terms of employee privacy to provide information on this issue. The agency took refuge in the Privacy Act.

The Ripple company, on the other hand, insists that they do not ask for detailed information about the employees and that the information they request is completely anonymous and general-based, covering a limited time period.

SEC attorney: Banned after March 2019

In the application file made by Ripple, an important statement of the SEC lawyer on the subject draws attention. The SEC lawyer said in a verbal statement that the employees of the institution were prohibited from trading XRP after March 2019, when an investigation order was issued against Ripple. Another question here is whether they are allowed to trade before this date…

Ripple wants company employees’ dialog to be sealed

On the other hand, lawyer Filan explained that Ripple company wanted to obtain and seal some copies of the video and audio recordings of Ripple employees demanded by the SEC, and made a request in this direction. Ripple claims that some correspondence and conversations between company employees are not related to legal matters and should not be public.