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International Business Times

Marvie Basilan

SEC Scores Win As Ripple Ordered To Share Financial Statements With Regulator

SEC Ripple Crypto United States Binance Gary Gensler Sarah Netburn Yellen XRP Bitcoin

The SEC vs. Ripple case heated up once more after the latest development over the regulator's bid to compel Ripple to share its post-complaint financial statements. (Credit: Cryptocurrency.com/flickr)

KEY POINTS

Ripple previously opposed the SEC's motion to reveal its 2022-2023 financial statements
The SEC argued in its motion that the statements can help the court decide on penalties over Ripple's violations
The regulator's 2020 case against Ripple accuses the company of selling unregistered securities in the US

The U.S. Securities and Exchange Commission (SEC) on Monday bagged a win in its case against payment protocol and exchange network Ripple as a New York judge ordered the cryptocurrency firm to share its financial statements with the regulator.

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