Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»SEC Gets the Edge: Ripple Is Ordered to Release XRP Sales Data
ADOPTION NEWS

SEC Gets the Edge: Ripple Is Ordered to Release XRP Sales Data

By Crypto FlexsFebruary 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Gets the Edge: Ripple Is Ordered to Release XRP Sales Data
Share
Facebook Twitter LinkedIn Pinterest Email

A U.S. district judge ordered Ripple to disclose financial and institutional sales data for XRP, a significant victory for the SEC amid allegations of unregistered sales.

A U.S. district judge recently issued an important ruling in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple. Ripple ordered to release more detailed financial information and data on XRP institutional sales. This decision is interpreted as a victory for the SEC, which has been in litigation with Ripple for over three years. The lawsuit centers around allegations that Ripple engaged in unregistered sales of XRP tokens, claims that Ripple has disputed.

According to the court order, Ripple must provide financial statements for 2022 and 2023, as well as contracts for institutional sales of XRP that occurred after the SEC filed a complaint against Ripple. This information is considered important in determining the appropriate punishment in the case as the court determines whether Ripple’s institutional sales of XRP violated securities laws. The ruling follows an earlier ruling by Judge Analisa Torres of the Southern District of New York, which found that XRP sales to institutional investors constitute illegal securities sales, but sales to individual investors do not fall into this category.

Ripple argued that the company’s financial health was not relevant to the lawsuit, but the court ultimately dismissed it. The court agreed with the SEC that information about institutional sales of XRP after the complaint was relevant to determining legal remedies, which could include injunctions and civil penalties. This development is part of a broader SEC enforcement campaign against major U.S. cryptocurrency exchanges and highlights the ongoing regulatory challenges facing the cryptocurrency industry.

The trial between Ripple and the SEC is scheduled to begin in April 2024, a critical juncture in a case that has drawn significant attention from both the cryptocurrency community and regulators. Ripple’s legal team criticized the SEC’s approach to the cryptocurrency industry as being overly aggressive. The outcome of this case could have far-reaching implications for digital asset regulation in the United States.​​​​​​

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Magic Eden Launches Platform for Bitcoin Runes

April 22, 2024

The Daily: Microsoft-backed startup raises $20M, Aave Labs proposes integration with BlackRock’s BUIDL, MakerDAO rebrands, and more

August 28, 2024

Stellar XLM’s 372% Soar Meets 24% Drop: What to Watch Now

November 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.