Pro-XRP Lawyer Decodes Ripple’s New Crucial Battlefront With SEC
Summary
US District Judge Sarah Netburn granted the SEC’s request for Ripple to disclose financial details and institutional sales of XRP. Ripple must provide financial statements for 2022 and 2023, along with contracts governing XRP sales. The court disagreed with Ripple's argument that its financial health was irrelevant to the case. The ruling may impact the potential for a permanent injunction on Ripple. The focus now shifts to sales to On-Demand Liquidity customers as a key legal battleground for Ripple. This ruling could affect Ripple's future sales strategy and compliance with regulations. XRP traded at $0.50289 at the time of the article.
