Fintech company Ripple is going to provide the US Securities and Exchange Commission (SEC) with internal audio and video recordings after the regulator filed a request on August 31 for access to this information, U.Today has reported.
In particular, the company is to provide records of general meetings from the fourth quarter of 2014, meetings with SBI Holdings and others. Ripple and the Japanese financial conglomerate partnered in 2016. As part of the deal, they created the SBI Ripple Asia joint venture.
SBI Holdings said in December that the SEC's actions would not affect the status of the XRP token in Japan.
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According to the release, the set of filings also includes discussions by Ripple employees about the SEC investigation (December 22, 2020), the company's prospects in light of the XRP price drop (February 26, 2018) and crypto centralization (March 30, 2020).
The parties will discuss the exact amount of documents during the meeting.
In early September 2021, judge Sarah Netburn ordered the company to grant the regulator access to the messages of its employees in the messaging service Slack.
At the end of August, the fintech company demanded the Commission to provide information about its employees' transactions with Bitcoin, Ethereum and XRP, and also requested documents from crypto exchange Binance.