Ripple vs SEC:<\/strong> A Federal Judge signed order granting Ripple\u2019s request to delay remedies-related discovery requirements by a week, which includes detailed financial statements and post-complaint XRP institutional sales. Pro-XRP lawyers highlighted compliance by Ripple during the three years, while the community also seeks to know about XRP details.<\/p>\n Judge Analisa Torres granted order on Ripple\u2019s Motion for Extension of Time for remedies-related discovery, according to a filing in the court. Magistrate Judge Sarah Netburn granted the Securities and Exchange Commission\u2019s (SEC) motion to compel, ordering Ripple to provide 2022-2023 financial statements and post-complaint XRP institutional sales<\/a> contracts details.<\/p>\n <\/p>\n CoinGape reported that Ripple<\/a> has agreed to comply with the order and all SEC requirements such as 2022-2023 financial statements, post-complaint institutional sales contracts, and an interrogatory regarding XRP institutional sales proceeds post-complaint. Ripple claimed that providing three years of contracts for the sale of XRP is burdensome and will take time.<\/p>\n Notably, Ripple requested an extension of the deadline for remedies-related discovery from February 12 to February 20, 2024. Ripple claimed that it has the right to seek an extension of any discovery deadline.<\/p>\n Also Read: XRP Whale Offloads 58 Mln Tokens As Price Nears $0.52, What\u2019s Happening?<\/a><\/strong><\/p>\n <\/p>\n <\/p>\n With the remedies phase in highlight, the SEC and Ripple will prepare for legal briefs for proceedings in March and April. The Court will decide which remedies to impose later.<\/p>\n Meanwhile, Ripple promises to continue to maintain high standards of compliance, ethics, and transparency and invest the resources necessary to guarantee compliance with the law.<\/p>\n XRP price<\/a> jumped 2% in the past 24 hours, with the price currently trading at $0.52. The 24-hour low and high are $0.5119 and $0.5214, respectively. However, the trading volume has decreased by 5% in the last 24 hours, indicating a decline in interest among traders.<\/p>\n <\/p>\n While the community awaits a price rally above the $0.60 support level, hit its recent high of $0.82 last July when Judge Torres ruled in favor of Ripple, whales<\/a> and traders continue to book profits on $0.52.<\/p>\nJudge Grants Order on Ripple Motion For Extension<\/h2>\n
Ripple Agree to Comply With SEC and Court on XRP Sales<\/h2>\n
XRP Price to Rally?<\/h2>\n
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