SEC to Analyze Ripple Executives' Bank Records | Crypto Briefing

in hive-116221 •  4 years ago 

STEEM POSTS

  • The SEC has sent subpoenas to six different banks to request personal bank records of Ripple's executives named in the lawsuit.
  • Ripple's lawyers wrote a letter to the federal judge to block the subpoenas, and said the move is an "inappropriate overreach."
  • Under the Bank Secrecy Act, federal agencies are authorized to acquire personal bank records to help support their investigations.


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