There has been an important development in the case between the US Securities and Exchange Commission (SEC) and Ripple (XRP).
The judge’s decision in the case that has been going on for about 3 years between SEV and Ripple company was surprising. In court held on Monday, a judge responded to the SEC’s request and ruled that Ripple 2022-2023 financial statements And Documentation of institutional sales of XRP He ordered him to share.
SEC, In order for the judicial process to be carried out more clearly and healthily He requested these documents in the past period, but the Ripple front objected, citing confidentiality conditions.
But last year, New York Southern District Court Judge analisa torrescorporate sales within the scope of securitiesdecided that individual sales were not within this scope and signaled that the documents in question would be requested.
Ripple still appealed this decision, arguing that the financial health of the company is irrelevant to the topic he emphasized. However, the judge rejected this objection and described it as wrong to withhold documents necessary to speed up the litigation process.
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Related article: Statement from the Founder of Ripple and Cardano After the Lawsuit News
SEC’s Request for XRP Sales Was Approved Despite Ripple’s Objections! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.
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