SEC Demands Ripple’s Financial Details and Institutional Sale Contracts

Key Takeaways

The SEC has filed a motion demanding Ripple to provide financial statements for 2022-2023 and documents related to institutional sales of XRP.
This legal action is part of the SEC’s broader enforcement campaign against other cryptocurrency firms.
Ripple’s trial with the SEC is scheduled to begin in April, continuing the legal battle that started in December 2020 over allegations of unregistered securities sales.

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SEC Demands Ripple’s Financial Details and Institutional Sale Contracts

Key Takeaways

The SEC has filed a motion demanding Ripple to provide financial statements for 2022-2023 and documents related to institutional sales of XRP.
This legal action is part of the SEC’s broader enforcement campaign against other cryptocurrency firms.
Ripple’s trial with the SEC is scheduled to begin in April, continuing the legal battle that started in December 2020 over allegations of unregistered securities sales.

Leave a Comment