XRP Lawsuit: SEC Files New Demands Against Ripple
Summary
The SEC has filed a motion in the XRP lawsuit, demanding Ripple to produce financial statements for 2022 and 2023, as well as documentation of post-Complaint contracts governing "Institutional Sales." The SEC seeks these documents to aid in determining appropriate remedies, including injunctions and civil penalties, against Ripple. Ripple has resisted these demands, arguing that they exceed the permissible scope of discovery. The trial between the SEC and Ripple is set to commence on April 23, 2024, with the final pretrial conference scheduled for April 16, 2024. XRP is currently trading at $0.59877.
