Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have filed a motion with the court asking the US Securities and Exchange Commission (SEC) to investigate several cryptocurrency exchanges. The list includes Bitfinex, Huobi Global, OKEx, Bitstamp, Bitforex, Bithumb, Bitlish, BitMart, AscendEX, Bitrue Singapore, Coinbene, HitBTC, Korbit, Upbit Singapore and ZB Network Technology.
In the document, Ripple also talks about the need to request support from the authorities of the Cayman Islands, Hong Kong, South Korea, Great Britain, Singapore, Seychelles and Malta.
The SEC charges Garlinghouse and Larsen with selling more than 2 billion XRP tokens illegally. The company executives argue that the XRP sales were made on foreign exchanges, outside the SEC's jurisdiction. Ripple writes:
"In the case of transactions conducted on such foreign trading platforms, both the offers of XRP and the sales of XRP occurred on the books and records of the respective platforms, and therefore geographically outside the United States. The SEC’s failure to allege domestic offers and sales should be fatal to its claims."
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The company believes these foreign-based exchanges have litigation-related information, especially with respect to the details of the alleged XRP sales on such platforms.
At the same time, the SEC has filed a petition with the court to extend for 60 days the period for the exchange of evidence. The regulator claims it has already gathered some evidence, but needs to hear from at least eight more people. In addition, the regulator wants time to examine Ripple's documents in detail.