Matter of Contention
As the SEC and Ripple continue to negotiate the damages that Ripple must pay for its sales of XRP, a new point of contention has arisen. The SEC filed a motion to compel Ripple to produce financial statements and post-complaint sales contracts for 2022 and 2023. In response, Ripple filed a reply and requested a sur-reply after the SEC responded to their opposition.
Judge Sarah Netburn has granted Ripple’s request for a sur-reply, according to defense attorney James K. Filan. This decision comes after legal expert Bill Morgan accused the SEC of misleading the court in their filings. Ripple’s sur-reply aimed to correct factual mischaracterizations made by the SEC.
Price of XRP
The price of XRP currently stands at $0.514, with a slight increase of 0.42% on the day. This follows a 5.87% loss from the previous week and a 17.7% drop on its monthly chart.
Hot Take: Judge Grants Ripple’s Sur-Reply Request Amidst SEC Dispute
Judge Sarah Netburn has ruled in favor of Ripple, granting their request for a sur-reply in response to the SEC’s motion to compel production of financial statements and sales contracts. This decision comes after allegations that the SEC misled the court in their filings, as Ripple sought to correct factual mischaracterizations made by the regulator. As negotiations continue between Ripple and the SEC regarding the damages for XRP sales, this latest development adds another layer of complexity to the ongoing dispute.
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