Coin

<ul class="news-points"> 
 <li>The SEC wins its motion to compel as the court orders Ripple to submit necessary financial documents.</li> 
 <li>Ripple objected to the SEC’s demand twice, arguing that the SEC’s demand was “untimely” and misleading.</li> 
 <li>The court asserts that the financial documents would be beneficial in further proceedings.</li> 
</ul> 
In a recent development in the SEC-Ripple legal dispute, the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> won its motion to compel Ripple to provide additional documents to the court. The U.S. District Judge Sarah Netburn <a href="https://x.com/FilanLaw/status/1754554110009872571?s=20" target="_blank" rel="nofollow">ordered</a> Ripple to submit financial documents and post-suit XRP contract details to the commission. 
Fox Business Journalist Eleanor Terrett took to X to report the crucial turn in the prolonged legal saga. According to her post, Ripple is supposed to produce its 2022-2023 financial statements and post-complaint contracts involving XRP’s institutional sale. In addition, the company is required to provide clear explanations to the SEC’s questions regarding the amount of XRP institutional sales proceeds it received. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a> has won its motion to compel <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Ripple</a> to produce its 2022-2023 financial statements, post-complaint contrac…
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The post <a href="https://coinedition.com/sec-marks-win-wins-motion-to-compel-against-ripple/">SEC Marks Win, Wins Motion to Compel Against Ripple</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC Marks Win, Wins Motion to Compel Against Ripple

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