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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.