XRP Lawsuit: SEC Targets Ripple’s Core Business In Latest Filing
Summary
SEC has submitted a detailed reply in the XRP lawsuit, demanding Ripple's financial documents and post-complaint Institutional Sales contracts. The SEC emphasizes the relevance of this information and cites legal precedents to support its position. Ripple's objections are dismantled in the SEC's submission. Pro-XRP lawyer Bill Morgan believes that the SEC's demands could impact Ripple's ODL business and expects discovery to be ordered for the post-complaint contracts. At present, XRP is trading at $0.51231.
