Court Denies SEC Access to Personal Information of Ripple Executives

Judge Netburn sided with Ripple and withdrew SEC requests for personal financial informationcompany leaders.

Judge Sarah Netburn believes that the disclosure of confidential banking information by Brad Garlinghouse and Christopher Larsen has nothing to do with the XRP case.

The court ruling noted that requests tobanks are affected by the defendants' "private financial information." This information “will not assist in the SEC's investigation” and will not confirm the “personal participation of Ripple managers in the sale of XRP on the public market”.

Last year, the SEC filed a lawsuit against Ripple Labs and its executives, with charges of selling unregistered securities and illegal enrichment of $ 1 billion from XRP sales.

The department wanted to find out how many managerscould make money on the sale of the coin and requested the personal financial data of the founders of Ripple from six banks. Garlinghouse and Larsen's lawyers petitioned the judge to block the regulator's requests, which was granted.

This is Ripple's second victory in a week. Earlier, the judge gave Ripple's lawyers access to SEC protocols and documents related to the interpretation of cryptocurrencies. 

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