Ripple Agrees to Make Company’s Internal Recordings Available to the SEC

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Ripple Agrees to Make Company's Internal Recordings Available to the SEC
Ripple Agrees to Make Company's Internal Recordings Available to the SEC

After the regulator filed a request for access to its internal recordings on August 31, the fintech firm Ripple will provide the US Securities and Exchange Commission with internal audio and video recordings.

Ripple Agrees to Submit Company’s Recordings to the SEC

In particular, the company will provide the records of general meetings from the fourth quarter of 2014. The company will provide the minutes of the shareholders’ meeting and the SBI Holdings.

Ripple worked with this Japanese financial group in 2016. As part of the agreement, they formed the SBI Ripple Asia joint venture. SBI Holdings announced in December that actions by the US Securities and Exchange Commission will not affect the position of XRP tokens in Japan.

According to the post, that dataset also includes discussions from Ripple employees about the SEC investigation (December 22, 2020) and the company’s outlook given the decline in XRP prices (December 26, 2020) and the centralization of the cryptocurrency (March 30, 2020).

The two parties will discuss the exact number of documents during the meeting.

Recall that Fxcryptonews reported on September 3, 2021, that Judge Sarah Netburn ordered the company to allow regulators to access messages from its employees through the Slack messaging service.

At the end of August, the fintech company filed a petition asking the committee to provide documents to prove whether its employees can trade Bitcoin, Ethereum and XRP tokens, and asked the Binance cryptocurrency exchange to provide documents.

XRP Beat Solana to Regain the Sixth Position by Market Cap

Just 4 days after Solana (SOL) surpassed XRP, XRP regained the title of the sixth most valuable cryptocurrency in the world. According to data from Coinmarketcap, XRP’s market value jumped to more than $50 billion on Monday.

Last week, Solana’s market value reached $60 billion, making it the sixth-largest digital asset in the world. However, as its market value fell below $47 billion, SOL has fallen more than 20% in the past three days. In contrast, during the above period, XRP remained stable and its price stayed above $1.05.

XRP’s total address activity spiked significantly last week, nearing the $1.10 price level. According to Santiment, the number of unique XRP addresses has increased in recent days due to increased demand from retail investors.

On September 7, 2021, the total market value of XRP exceeded $70 billion for the first time since May 2021. Although the recent adjustment in the crypto market has resulted in a sharp price drop, the digital asset has fallen more than 15% over the past five years. In terms of market value, XRP is more valuable than Solana (SOL), Polkadot (DOT), Dogecoin (DOGE), Chainlink (LINK), and Uniswap (UNI).