Ripple Given Extension
Judge Analisa Torres has granted Ripple’s request for an extension in the remedies-related discovery process, allowing more time for the SEC’s demands to be met.
The SEC’s Demands
Ripple was directed to provide details on its 2022-2023 financial statements and post-complaint XRP institutional sales contracts, in response to the SEC’s motion.
Ripple’s Plea
Ripple has stated that while they will fulfill the SEC’s demands, it is challenging for them to gather three years’ worth of XRP sale information, requesting an extension until February 20, 2024.
Ripple’s Legal Commitment
Ripple remains committed to upholding high standards of compliance, ethics, and transparency as the legal saga moves into the remedies phase.
XRP Price Increase
XRP has seen an 11% surge in 24-hour trading volume, indicating increased interest from traders. This accompanies a 2.38% rise in market capitalization, reaching $28 billion.
In the last 24 hours, XRP experienced a 2% surge, reaching a current price of $0.52, and there is hope that the price will increase beyond the $0.60 support level.
Hot Take: The Future of Ripple and XRP
With the ongoing legal battle and the recent surge in XRP trading volume and price, it’s clear that there is heightened interest in the future of Ripple and XRP. Investors and stakeholders eagerly await the outcome of the legal proceedings and the potential impact on XRP’s value and market dynamics.
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