1. The United States Securities and Exchange Commission (SEC) and Ripple are in the process of negotiating damages for XRP sales ruled as securities by Judge Analisa Torres.
2. The SEC filed a motion on January 11, requesting Ripple to produce financial statements for 2022 and 2023, along with post-complaint institutional sales contracts.
3. Ripple filed a reply and later a sur-reply in response to the SEC's motion during the discovery process.
4. Judge Sarah Netburn has granted Ripple's additional motion, as confirmed by legal expert James K. Filan.
5. The SEC and Ripple are disputing the relevance and timeliness of the SEC's motion to compel in the ongoing legal proceedings.
6. Ripple contends that the SEC's motion is untimely and irrelevant, while the SEC disagrees.
7. Ripple's sur-reply aims to correct what it considers a significant factual mischaracterization by the SEC in its reply.
8. The sur-reply points out that Ripple had argued earlier that producing post-complaint contracts was unnecessary, citing the Zakinov v. Ripple class action case.
9. The price of XRP at the time of reporting is $0.514, with a slight increase of 0.42% on the day, attempting to recover from a weekly loss of 5.87% and a monthly drop of 17.7%.
10. The legal dispute between the SEC and Ripple continues, with ongoing discussions regarding the discovery process and potential damages for XRP sales deemed as securities.
