SEC Accused by Ripple of Using Improper Intimidation Tactic to Extract XRP Info During Discovery

The SEC is appealing to foreign regulators to obtain information on Ripple and XRP, invoking the Memoranda of Understanding (MOU) to justify their demand. A Memoranda of Understanding is essentially an agreement between regulatory bodies whereby a regulator can request an out-of-country agency to collect information on his behalf and share it with him.