Ripple Ordered to Produce Financial Documents by Court

A New York judge has mandated Ripple Labs to provide financial statements for 2022-2023 and details on institutional XRP sales, marking a significant development in the ongoing SEC lawsuit.

Judge Sarah Netburn ordered Ripple to produce its financial statements for 2022-2023 and post-complaint contracts.
The SEC argues that the documents will help determine possible injunctions and civil penalties against Ripple.
Despite the court's decision, the XRP community remains bullish, with technical analysts predicting a positive momentum.
The legal battle between the SEC and Ripple has been ongoing since 2020, with both sides claiming partial victories in the case.
Ripple contends that the SEC's request for documents is 'untimely' and 'irrelevant' for any court-determined remedies.