🔴 The Securities and Exchange Commission #SEC won an application in its case against Ripple, and it is considered a temporary victory.
🔴 The court ordered #Ripple Company to prepare its financial statements for the period 2022-2023. Ripple will also have to produce post-complaint contracts and proceeds of #xrp institutional sales that occurred after the SEC complaint was filed.
🔴The Authority considered that the documents submitted by Ripple would help determine judicial orders and potential civil penalties.
🔴 Ripple filed a response, saying the request was “untimely” and arguing that the SEC’s actions are “irrelevant” since that information is not relevant to any court-determined decisions.
🟩 The court set a deadline for this on February 12.
⭕ Stay tuned in two hours for a post entitled, “3 convincing reasons that led to the sale of Ripple”
