Ripple Claimed That The SEC Broke Court Rules

Another interesting development took place in the legal battle between Ripple and the SEC that has been going on for months.

Ripple claimed that the SEC broke the court rules. Interesting developments continue to take place in the SEC-Ripple case, which has been going on since December last year. While the parties continue to gather information about each other, especially from inside, the last move came from the SEC. Ripple CEO Brad Garlinghouse and co-founder Chris Larsen's attorneys sent a letter to judge Sarah Netburn on April 16. In the letter in question, it was stated that the US Securities and Exchange Commission (SEC) sent at least 11 joint declarations of intent to the regulatory agencies of other countries. It was stated that the SEC took this step to provide information and information for the company from overseas countries outside the USA.

"They Want To Prevent Our Partners From Doing Business With Us"

By taking this step, the SEC wants to intimidate and frighten Ripple's partners, according to lawyers of Garlinghouse and Larsen. The letter in question sent to Judge Netburn contained the following statements: “Of course, the SEC knows very clearly what it wants to do with this move and wants to involve regulators of other countries. The agency aims to prevent its partners from continuing to do business with Ripple, using the tactics of intimidation and deterrence ” Following this step of the plaintiff, the defense party made a new request from the judge Netburn to prevent these actions of the SEC. Ripple also requested that a conference be held where the SEC informed them about the matter, claiming that the SEC violated court rules with this step.