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<p><strong>Ripple vs SEC:</strong> A Federal Judge signed order granting Ripple’s request to delay remedies-related discovery requirements by a week, which includes detailed financial statements and post-complaint XRP institutional sales. Pro-XRP lawyers highlighted compliance by Ripple during the three years, while the community also seeks to know about XRP details.</p> 
<h2 id="judge-grants-order-on-ripple-motion-for-extension">Judge Grants Order on Ripple Motion For Extension</h2> 
<p>Judge Analisa Torres granted order on Ripple’s Motion for Extension of Time for remedies-related discovery, according to a filing in the court. Magistrate Judge Sarah Netburn granted the Securities and Exchange Commission’s (SEC) motion to compel, ordering Ripple to provide 2022-2023 financial statements and post-complaint <a href="https://coingape.com/breaking-sec-bags-win-over-ripples-financial-statement-dispute/" target="_blank" rel="noopener">XRP institutional sales</a> contracts details.</p> 
<p>CoinGape reported that <a href="https://coingape.com/xrp-lawsuit-ripple-sends-letter-to-judge-torres-after-sec-wins-motion/" target="_blank" rel="noopener">Ripple</a> has agreed to comply with the order and all SEC requirements such as 2022-2023 financial statements, post-complaint institutional sales contracts, and an interrogatory regarding XRP institutional sales proceeds post-complaint. Ripple claimed that providing three years of contracts for the sale of XRP is burdensome and will take time.</p> 
<p>Notably, Ripple requested an extension of the deadline for remedies-related discovery from February 12 to February 20, 2024. Ripple claimed that it has the right to seek an extension of any discovery deadline.</p> 
<p><strong>Also Read: <a href="https://coingape.com/xrp-whale-offloads-58-mln-tokens-as-price-nears-0-52-whats-happening/" target="_blank" rel="noopener">XRP Whale Offloads 58 Mln Tokens As Price Nears $0.52, What’s Happening?</a></strong></p> 
<h2 id="ripple-agree-to-comply-with-sec-and-court-on-xrp-sales">Ripple Agree to Comply With SEC and Court on XRP Sales</h2> 
<p>With the remedies phase in highlight, the SEC and Ripple will prepare for legal briefs for proceedings in March and April. The Court will decide which remedies to impose later.</p> 
<p>Meanwhile, Ripple promises to continue to maintain high standards of compliance, ethics, and transparency and invest the resources necessary to guarantee compliance with the law.</p> 
<h2 id="xrp-price-to-rally">XRP Price to Rally?</h2> 
<p><a href="https://coingape.com/price/xrp" target="_blank" rel="noopener">XRP price</a> jumped 2% in the past 24 hours, with the price currently trading at $0.52. The 24-hour low and high are $0.5119 and $0.5214, respectively. However, the trading volume has decreased by 5% in the last 24 hours, indicating a decline in interest among traders.</p> 
<p>While the community awaits a price rally above the $0.60 support level, hit its recent high of $0.82 last July when Judge Torres ruled in favor of Ripple, <a href="https://coingape.com/xrp-whale-offloads-58-mln-tokens-as-price-nears-0-52-whats-happening/" target="_blank" rel="noopener">whales</a> and traders continue to book profits on $0.52.</p> 
<p><strong>Also Read: <a href="https://coingape.com/xrp-news-ripple-promises-xrp-sales-comply-law-sec-lawsuit-remedies-phase/" target="_blank" rel="noopener">Ripple Promises XRP Sales To Comply With Law As SEC Lawsuit Enters Remedies Phase</a></strong></p> 
<p>The post <a href="https://coingape.com/ripple-vs-sec-judge-signs-order-on-motion-for-extension/">Ripple Vs SEC: Judge Torres Grants Ripple’s Request for Remedies-Related Discovery</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Ripple Vs SEC: Judge Torres Grants Ripple’s Request for Remedies-Related Discovery

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