The SEC responds to "Ripple's rejection of its motion": The requirement to provide financial statements is procedurally compliant
ChainCatcher news, according to CoinGape, the U.S. Securities and Exchange Commission responded to "Ripple's rejection of its motion," stating that its request for Ripple to provide relevant financial statements is procedurally correct, and still requires Ripple to provide two years of audited financial statements, contracts for the sale or transfer of XRP to "non-employee counterparties" after the lawsuit, and detailed amounts of "XRP institutional sale proceeds" received after the lawsuit.
In addition, the U.S. Securities and Exchange Commission is seeking penalties against Ripple in the XRP lawsuit.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
