Judge Orders Ripple to Comply With SEC's New Discovery Requests Concerning XRP In a significant blow to
Ripple Labs, U.S. Magistrate Judge Sarah Netburn has ruled in favor of the
SEC in their ongoing legal battle over
XRP.
The securities regulator is leaving no stone unturned, demanding that Ripple provide
2022-2023 financial statements and disclose the
contracts governing institutional sales made after the complaint was filed.
The court dismissed Ripple's objections, stating that these requests are not only timely but also crucial for determining the appropriate remedies in this case.
Ripple's claim that this information is irrelevant to the court's decision-making process was swiftly rejected by the judge, who emphasized the importance of having all relevant data at hand.
With a deadline set for
February 12, it seems Ripple will have to comply with the SEC's demands sooner rather than later, as the legal saga surrounding XRP continues to unfold.
