Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»SEC wins request to disclose Ripple financial statements, XRP sale details
TRADING NEWS

SEC wins request to disclose Ripple financial statements, XRP sale details

By Crypto FlexsFebruary 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC wins request to disclose Ripple financial statements, XRP sale details
Share
Facebook Twitter LinkedIn Pinterest Email

A federal judge has ruled that Ripple must disclose its financial records and details of its XRP sales in an SEC lawsuit over its unregistered securities offering.

Judge Sarah Netburn ruled in favor of the SEC and ordered Ripple to release its 2022-2023 financial statements. The decision aims to shed light on Ripple’s financial transactions and the impact of its contracts and institutional XRP sales following the complaint on the outcome of the case.

“At this stage, the court believes there is no basis to halt the investigation by denying access to readily available information that could serve as evidence at the redress stage,” Netburn said.

🚨News: @SECGov A motion to compel was obtained. @ripple Financial statements for 2022-2023, drafting a post-complaint agreement on institutional sales. $XRPAnswer questions about amounts. $XRP Received proceeds from institutional sales. 👇🏼 pic.twitter.com/lyPBSBZcJi

— Eleanor Terrett (@EleanorTerrett) February 5, 2024

Ripple will also be required to produce documents related to the contract and proceeds from institutional XRP sales, following the SEC’s filing of the complaint. The court refuted Ripple’s concerns about the potential for a mini-trial and emphasized the importance of these documents in determining appropriate injunctions and civil penalties.

“Ripple should respond to the interrogatories because the SEC has sufficiently demonstrated that this information could help the court seek relief,” Netburn said.

The guidance is part of a broader legal conflict that began in 2020 when the SEC accused Ripple Labs of executing an unregistered securities offering worth $1.3 billion. Despite Ripple’s claims that the SEC’s request was “untimely” and “inappropriate,” the court set a discovery deadline of February 12 regarding potential remedies in the case.

The case has resulted in various rulings, including one issued by Judge Analisa Torres in July 2023. The decision ruled that Ripple’s institutional sale of XRP constituted a securities offering, but the programmatic sale did not.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ripple Stablecoin RLUSD gets a green line to use in Dubai Difc.

June 4, 2025

The world’s best cloud platform: BCC Mining can easily earn $ 77,000 a day.

June 3, 2025

OTC encryption transaction | Careful gateway to direct digital asset exchange

June 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025

Huma joins the Global Dollar Network and develops Stablecoin adoption in solana.

June 4, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025

Director Trezor: What is the best hardware wallet in 2025?

June 4, 2025

Binance cracks down on bot agriculture in Binance Alpha.

June 4, 2025

BITMEX is a system downtime plan for maintenance on June 14, 2025

June 4, 2025

Potential brake out for Ethereum ETF inflow and ETH/BTC intensity Hint ETH price.

June 4, 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

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025
Most Popular

Raid the reels in Nolimit City’s D-Day slot

February 16, 2024

Solana Breaks Bullish Pattern – SOL Expected to Rise to $190

July 24, 2024

Tether’s USDT Affected by ‘Panic Buying’ of Chinese Stocks: Report

October 8, 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.