🔍 Ripple Labs Ordered to Disclose Financial Statements by US Judge
US Judge Sarah Netburn has mandated that Ripple Labs provide its historical financial statements for the years 2022 and 2023. The directive follows a request from the US Securities and Exchange Commission (SEC). Ripple Labs is also required to respond to inquiries pertaining to the revenue generated from XRP institutional sales.
This legal development is part of the ongoing legal battle between Ripple Labs and the SEC. The requested financial statements and revenue details are crucial elements in the SEC's examination of Ripple's financial activities. The outcome of this disclosure may have implications for the ongoing regulatory scrutiny on Ripple and its native cryptocurrency, XRP. 📑⚖️
