Ripple, the prominent blockchain payments company, is pushing back against the U.S. Securities and Exchange Commission (SEC) in the XRP and SEC ongoing legal battle. In a recent development, Ripple has objected to the SEC’s latest request for post-complaint discovery. The dispute centers around the SEC’s motion to compel Ripple to produce additional documents and answer new interrogatories, a move Ripple deems untimely and irrelevant to the case.
Ripple Challenges SEC’s Discovery Requests
The legal skirmish took a new turn as XRP filed a response opposing the SEC’s motion. The regulatory body seeks to compel Ripple to provide audited financial statements for 2022 and 2023 and disclose details of all post-complaint XRP transactions with non-employee parties. Additionally, the SEC demands answers regarding the amount of revenue Ripple generated from XRP institutional sales after the complaint was filed.
Ripple’s counter is firm, asserting that these requests are not only untime
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