On March 26, a significant event is set to unfold for Ripple and XRP regarding their legal tussle with the US Securities and Exchange Commission (SEC). Attorney James K. Filan has underscored the importance of this date as the SEC has already submitted its initial brief on remedies to the court. This marks a pivotal development in the ongoing legal battle. Public versions of these documents are expected to be disclosed by March 26, 2024.
In the Ripple vs. SEC case, the community eagerly awaits the SEC's specific requests for monetary and legal remedies against Ripple Labs. This includes insights into institutional XRP sales during the legal dispute. Ripple has been asked by the SEC to provide financial statements from 2022–2023 and contracts related to institutional XRP sales by February, which will assist in determining an appropriate remedy.
