#xrpanaliz #XRP/USDT #xrpanaliz #XRP's

US Court Rules in Favor of SEC

The Magistrates' Court, presided over by Judge Sarah Netburn, in early January allowed a motion by the SEC to compel crypto payments firm Ripple to produce 2022-2023 financial statements.

Fox Business Journalist Eleanor Terrett took to social media to report the critical twist in the long-running legal saga. In his post, he stated that Ripple should produce 2022-2023 financial statements and post-complaint contracts containing the institutional sales of XRP. Additionally, the company is required to provide clear explanations to the SEC's questions regarding the amount of XRP institutional sales revenue it has received.

$XRP There has been an important development in the case between the US Securities and Exchange Commission (SEC) and Ripple (XRP).

The judge's decision in the case that has been going on for about 3 years between SEV and Ripple company was surprising. In court held on Monday, a judge responded to the SEC's request and ordered Ripple to share its 2022-2023 financial statements and documents regarding corporate sales of XRP.

The SEC recently requested these documents so that the judicial process could be carried out more clearly and healthily, but Ripple opposed it, citing confidentiality conditions.

However, last year, New York Southern District Court Judge Analisa Torres ruled that corporate sales were within the scope of securities and individual sales were not within this scope, and signaled that the documents in question would be requested.

Ripple nevertheless appealed this decision, emphasizing that the company's financial health was irrelevant. However, the judge rejected this objection and described it as wrong to withhold documents necessary to speed up the litigation process.

#xrp seems to have not been affected much by this decision in terms of price, but it seems possible that the price will go down in the coming period. This is my opinion, what do you think?

$BTC Jerome Powell acknowledged on tonight's 60 Minutes that "the US federal government is on an unsustainable fiscal path, and that just means the debt is growing faster than the economy." How does this situation affect #BTC ? What are your ideas?

What do you think about the $LUNC price?