Ripple CEO Brad Garlinghouse and co-founder Chris Larsen’s lawyers want to obtain documents from cryptocurrency exchange Binance as part of the proceedings with US regulator SEC.
According to the announcement, which has been made via Twitter by attorney James Filan, the lawyers have filed a petition in the Southern District of New York seeking documents from a company associated with Binance.
The lawyers have reportedly requested documents “relevant to the case and not otherwise available” from Binance Holdings Limited, which is registered in the Cayman Islands.
According to the petition:
“Mr. Garlinghouse is seeking disclosure on the basis of a good faith belief that [Binance Holdings Limited] has unique documents and data relating to this case and, in particular, the process through which XRP transactions were carried out on foreign platforms, allegedly from the name of the defendant.”
We should remember that the US Securities and Exchange Commission has accused Ripple of illegally selling over 357 million XRP tokens to investors in the public market. However, Garlinghouse and Larsen’s lawyers argue these transactions are beyond the SEC’s jurisdiction.