<ul><li>Ripple challenges the SEC&#39;s request for financial statements and contracts, citing misrepresentations.</li><li>Dispute includes the scope of SEC&#39;s discovery, extending to XRP grants and donations.</li><li>Court&#39;s ruling to determine Ripple&#39;s obligation to produce post-complaint contracts and financials.</li></ul>James K. Filan, a notable figure in crypto, recently disclosed that <a href="https://cryptotale.org/ripples-xrp-at-a-crossroads-buy-signals-and-bearish-trends-in-focus/" rel="noopener noreferrer nofollow">Ripple</a> has taken a decisive step against the SEC&#39;s claims. To challenge the SEC&#39;s demand for specific financial records and contracts, the fintech firm has requested to present a sur-reply.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7596caa00c3e4f0f913c39834823d5e8.png" />On January 23, the SEC <a href="https://www.dropbox.com/scl/fi/1l5fvym40feuy3b3axtys/SEC-Replyto-Ripple-Opposition-to-Motion-to-Compel.pdf?rlkey&#61;4wwr6n8i26nraams4ug3egocd&amp;dl&#61;0" rel="noopener noreferrer nofollow">filed</a> a reply to bolster its motion, demanding Ripple to provide its audited financial statements for 2022 to 2023 and contracts related to institutional sales of XRP after the initial complaint. The regulatory body has accused Ripple of presenting false arguments, asserting that the requested documents are crucial to present facts in the remedies phase of the litigation.In a swift reaction, Ripple <a href="https://www.dropbox.com/scl/fi/vm82s9c77q8kdodprluyj/Ripple-Request-to-File-Sur-Reply.pdf?rlkey&#61;fdbl1za8pyzz89blne6edc9ei&amp;dl&#61;0" rel="noopener noreferrer nofollow">requested</a> Magistrate Sarah Netburn&#39;s permission to file a sur-reply. Accompanying this motion, Ripple included the sur-reply, indicating its readiness to challenge the SEC&#39;s claims. The primary focus of this sur-reply is to address what Ripple terms as &#34;major fact misrepresentations&#34; by the <a href="https://cryptotale.org/secs-gensler-faces-criticism-from-ripples-garlinghouse-over-crypto-strategy/" rel="noopener noreferrer nofollow">SEC</a> in its latest filing.Read full article at <a href="https://cryptotale.org/ripple-fights-back-against-sec-in-legal-battle-questions-secs-misstatement/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ripple Fights Back Against SEC in Legal Battle, Questions SEC’s Misstatement

CryptoTale

Other articles published on Jan 25, 2024

Is Bitcoin Price Going To Outperform Gold In 2024 As BTC ETF Trading Volume Explodes?

ARB buy signal emerges after a week of constant declines

U.S SEC Delays Grayscale’s Ethereum Trust ETF Application

Solana (SOL) Rival Set for 30x Increase in Value by 2024

SatoshiVM accuses Ape Terminal of favoring Ape Terminal

Top Tokens To Buy for February 2024: Litecoin (LTC), Pullix (PLX), and Near Protocol (NEAR)

Join our free newsletter for daily crypto updates!