Ripple’s SEC-requested financials must be shared. Court’s binding decision.

February 6, 2024
1 min read


– A New York judge has ordered Ripple Labs to share certain financial statements and information on institutional sales of its XRP token in response to a request from the U.S. Securities and Exchange Commission (SEC).
– The court ruling is part of an ongoing lawsuit against Ripple that alleges the company sold unregistered securities in the U.S.

**Key points:**

– The SEC has requested financial statements and information on institutional sales of XRP from Ripple as part of the ongoing lawsuit against the company.
– The court ruling follows a previous judgment that found Ripple’s institutional sales of XRP broke U.S. law.
– The documents requested will aid the judge in determining whether to impose injunctions or civil penalties on Ripple for the period since the lawsuit was filed.
– Ripple opposed the SEC’s request, arguing that it was untimely and that the regulator had failed to justify its requests.
– The judge granted the SEC’s request in full, ordering Ripple to provide the requested documents.

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