The US market watchdog authority SEC has asked a New York judge to compel the transnational payment company Ripple to provide its financial statements for the period 2022-2023.
In particular, the federal agency is attacking institutional sales of crypto XRP, and is asking for measures to be taken to resort to remedies such as injunctions and civil sanctions.
Previously in July 2023, Judge Annalisa Torres had ruled that XRP, if sold to institutional clients, would be identified as unregistered securities.
Now Ripple has until January 17-19 to respond to the SEC’s enforcement action.Let’s see how the XRP crypto has reacted to this new attack from the US commission.
All the details below.
SEC vs Ripple: the US agency requests to review the company’s financial statements
Yesterday, lawyers from the United States Securities and Exchange Commission (SEC) asked a federal court to compel the cryptocurrency payment company Ripple to produce documents related to the company’s financial r
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