TL;DR
The SEC has escalated its legal case against Ripple, demanding financial documents, which the firm contests as irrelevant.
The company, having secured several partial legal victories in 2023, prepares for a trial scheduled for April 23, 2024.
Another Confrontation
After a prolonged period of inactivity, the legal battle between the United States Securities and Exchange Commission (SEC) and Ripple escalated this month. First, the regulator requested an order compelling the company to hand over its financial statements for 2022 and 2023 and its post-complaint XRP sales contracts.
Ripple had until January 17 to comply and asked the deadline for a response to be extended to January 19. It later opposed the SEC’s demand, claiming that those records were untimely and unrelated to the case.
This caused the watchdog to re-file the motion, arguing that the documents could provide vital information regarding the financial condition of Ripple over the years and show whether it has vi
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