The post Ripple Fights Back Against SEC Over Financial Disclosures in Ongoing XRP Lawsuit appeared first on Coinpedia Fintech News
To ensure a win in the upcoming trial, the United States Securities and Exchange Commission (SEC) has been pushing the court to compel Ripple Labs to disclose its strategic financial statements regarding XRP sales since the beginning of the ongoing lawsuit in late 2020 to June 2023.
However, Ripple Labs’ lead attorneys, including Andrew J Ceresney, have now written a sur-reply to Hon. Sarah Netburn, a United States Magistrate Judge from the Southern District of New York, in response to the recent reply by the US SEC’s motion to compel the blockchain payment company to disclose its XRP financial statements for the past three years.
According to Ripple’s legal counsel, the demands made by the US SEC are ‘overly burdensome’ as the defendant did not disclose the exact financial details in the ongoing Zakinov lawsuit, as claimed.
“The Court should
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