Notable ripple v. SEC Litigation Development
TL;DR
- The SEC is seeking Ripple‘s financial records as evidence in its legal cases.
- The company has previously received positive court decisions, including a ruling regarding the nature of some XRP sales.
United States Securities and Exchange Commission (SEC) filed A new motion forces Ripple to hand over important documents such as the company’s 2022 and 2023 financial statements and XRP sales contracts after the complaint.
The regulator argues that these records could provide important information and show whether the company has violated certain securities laws.
Like CryptoPotato reportedThe commission submitted the same proposal earlier this month, and Ripple had until January 17 to respond.
The company initially delayed the response deadline to January 19 and later opposed the SEC’s request, claiming the requests were untimely and irrelevant to the case.
The last conflict took place less than three months ago big trial between two organizations. Ripple appears to have the upper hand and has scored three major (but partial) wins in the past year.
The first was in July by Federal Judge Analisa Torres. determined It was stated that the company’s XRP sales to retail investors do not constitute an investment contract offer.
Shortly thereafter, US judges rejected the SEC’s intention to appeal the decision, although CEO Brad Garlinghouse and Chief Executive Officer Chris Larsen cleaned Of all the charges brought by the watchman.
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#Notable #Ripple #SEC #Litigation #Development