๐จ Ripple firmly opposes SEC's demands for post-complaint discovery on
$XRP. ๐ผ๐ฅ
๐ Key Points Below: โฌ๏ธ
โข SEC demands
@Ripple produce audited financials for 2022 & 2023, and post-complaint XRP sales contracts.
โข Ripple argues requests are untimely & irrelevant, lacking good cause.
โข Ripple cautions against SEC's shortcut for investment contract claims, risking bypass of crucial fact-finding.
โข SEC's summary procedure could deprive Ripple of protections and burden both parties & the court.
โข Ripple asserts its current financial condition is irrelevant to penalty determination.
Should the SEC's post-complaint discovery requests concerning XRP be denied?๐ค๐ฌ
Comment Below & Follow For More! ๐
#Ripple #SEC #CryptoLegalBattle