tl;dr
In the ongoing XRP lawsuit between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the SEC has submitted a detailed reply to Judge Netburn, marking a significant escalation in its pursuit of comprehensive discovery from Ripple. The SEC's demands for audited financial statements...
In the ongoing XRP lawsuit between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the SEC has submitted a detailed reply to Judge Netburn, marking a significant escalation in its pursuit of comprehensive discovery from Ripple. The SEC's demands for audited financial statements and Institutional Sales contracts, along with its emphasis on the relevance of these documents, indicate a strategic targeting of Ripple's core business. The SEC's submission effectively dismantles Ripple's objections and underscores the potential impact of these documents on future regulatory compliance. Additionally, a Pro-XRP lawyer provides perspective on the SEC's strategic positioning, indicating the high stakes involved in this issue.
In the XRP lawsuit between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the regulatory body has submitted a detailed reply to Hon. Sarah Netburn, United States Magistrate Judge for the Southern District of New York. This document, titled “Reply in Further Support of its Motion to Compel,” marks a significant escalation in the SEC’s pursuit of comprehensive discovery from Ripple, and is poised to potentially reshape the dynamics of this high-profile case.
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