The long-running legal battle between the Securities and Exchange Commission (SEC) and Ripple is set to take further shape, with the discovery deadline coming up on February 20. The Commission is expected to be furnished with all the documents needed to get the case done and dusted.
Ripple Set To Produce Post-Complaint Contracts
As ordered by the court, Ripple has until February 20 to produce its contracts for the sale of XRP to institutional buyers, hedge funds, and ODL customers in a period that dates back to as far as 2021. These contracts form part of what was requested by the SEC in its motion to compel, which Judge Sarah Netburn granted.
As revealed in its request for an extension of time, Ripple has already produced its 2022-2023 financial statements and responded to the SEC’s interrogatory about post-complaint proceeds. However, the crypto firm had then asked for the remedies-related discovery deadline to be extended to February 20 because of the “burdens and difficulty”
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