<ul><li>Ripple requests extension to February 20, 2024, for financial disclosures after court ruling.</li><li>Court mandates Ripple to disclose 2022-2023 financial details and post-compliant sales data.</li><li>SEC consents to Ripple&#39;s deadline extension for submitting financial records.</li></ul>Ripple has recently sought an extension for submitting additional financial disclosures following a court decision that favored the U.S. Securities and Exchange Commission (SEC). The decision, <a href="https://cryptotale.org/sec-gains-upper-hand-as-court-compels-ripple-to-disclose-financial-records/" rel="noopener noreferrer nofollow">issued by U.S. District Judge Analisa Torres</a> and Judge Sarah Netburn, mandates Ripple to provide its financial records for 2022-2023, along with details on &#34;post-compliant institutional sales&#34; of XRP. This ruling supports the SEC&#39;s request, challenging Ripple&#39;s stance that the demand was &#34;unnecessary&#34; and &#34;untimely.&#34;<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5146da2e48584555abb506997b597d8a.png" />On February 6, Ripple responded with a court filing to Judge Torres, requesting a delay in the deadline from February 12 to February 20, 2024. The firm argued that the timeframe to produce the required documents, which encompass a vast array of data spanning the entire post-complaint period, was insufficient. The SEC has agreed to this extension, marking a notable moment of consensus in the ongoing legal battle between Ripple and the regulatory body.Read full article at <a href="https://cryptotale.org/ripple-files-for-extension-on-financial-disclosure-deadline-in-sec-case/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ripple Files for Extension on Financial Disclosure Deadline in SEC Case

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