James

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 <p>In what is certainly an interesting development for the ongoing case, Ripple (XRP) has been forced by Judge Sarah Netburn to turn in all financial records. Indeed, Judge Netburn granted the US Securities and Exchange Commission (SEC) motion to access the firm’s records from 2022 through 2023.</p>
 <p>The occurrence is the latest event to take place in the years-long court battle between the regulator and <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> Labs. Subsequently, former prosecutor James K. Filan posted the court document to X (formerly Twitter). There, the court complied with the motion to compel “in its entirety.”</p>
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    <p lang="en" dir="ltr">#XRPCommunity #SECGov v. #<a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> #XRP Magistrate Judge Netburn has granted the @SECGov’s Motion to Compel in its entirety. pic.twitter.com/QrFZjGbUNN</p>
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    </div> — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 5, 2024
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>: Can XRP Reach $1 in 2024?</strong></p>
 <h2 class="wp-block-heading" id="h-judge-grants-sec-motion-to-access-ripple-financial-records">Judge Grants SEC Motion to Access Ripple Financial Records</h2>
 <p>Within the digital asset market, the ongoing legal conflict between the SEC and Ripple has captivated the industry. To this point, Ripple has received some notable victories. Specifically, in the form of a previous ruling that XRP secondary sales did not constitute securities. However, the SEC has notched a clear win here.</p>
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 <p>Indeed, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> (XRP) has been forced by Judge Sarah Netburn to turn in all financial records. The ruling was in response to an SEC motion, which the court has required <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> to fully comply with. Before the ruling, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> had filed a response to the motion to compel, stating the request to be untimely and irrelevant.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp" alt class="wp-image-110810" srcset="https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 1024w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 300w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 768w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 1536w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 380w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 550w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 800w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 1160w, https://cdn.thebittimes.com/images/2024/02/07/e1a155047f26240630cee45a01b85c9c.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>: XRP Could Hit $771 By 2025 If This Happens</strong></p>
 <p>Moreover, legal expert Bill Morgan stated that the SEC’s request was an attempt to mislead the court. Furthermore, Morgan noted that such tactics were “happening far too often.” Thereafter, Morgan ultimately stated that the decision appears to be a “deliberate long-term campaign to stymie or destroy Ripple.</p>
 <p>Conversely, since the start of 2024, XRP has certainly not reached the optimistic levels many had predicted at the end of last year. Currently, the asset is trading at the $0.50 level, and down more than 1% over the last 24 hours according to CoinMarketCap. Many predict that an end to the ongoing SEC lawsuit could have implications, particularly leading to a positive increase.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>Ripple</li>
  <li>ripple sec</li>
  <li>ripple xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-forced-by-judge-to-turn-in-all-financial-records-tbt79083.html">https://thebittimes.com/ripple-xrp-forced-by-judge-to-turn-in-all-financial-records-tbt79083.html</a></p>

Ripple (XRP) Forced by Judge to Turn in All Financial Records

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