Ripple lawyers have challenged the Securities and Exchange Commission’s request to examine additional financial documents, calling it untimely and irrelevant.
Lawyers representing Ripple argued that the SEC had enough chances to obtain the documents it needed before the deadline.
Ripple Challenges SEC Request
Lawyers for Ripple argued that the deadline had already passed and that the material was not relevant to the upcoming trial, which is set for April. The Ripple team, in a January 19th filing, stated that the Securities and Exchange Commission had changed its stance on the collection of additional information during the trial’s discovery phase. The discovery phase required each party to share relevant documents with each other.
However, last week, the Securities and Exchange Commission demanded Ripple produce audited financial statements for 2022 and 2023. It also asked Ripple to disclose all contracts related to the sale and transfer of XRP that were made to entities a
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