The long battle between the American regulatory Securities and Exchange Commission (SEC) and the XRP issuer Ripple has taken a personal turn – literally – with the SEC seeking personal financial information from banks on the company’s two most powerful executives, its co-founder Christian Larsen and CEO Bradley Garlinghouse
Per Bloomberg, Ripple has hit back, asking a federal judge “to block subpoenas sent to six banks” seeking “eight years’ worth” of information, claiming the SEC request amounts to “wholly inappropriate overreach” as the case in question does not involve fraud charges.
The media outlet says that Ripple’s lawyers wrote to the court, in the Southern District of New York, to state,
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