Ripple and SEC have entered 'remedies' phase of lawsuit
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At this point, the discovery phase remains crucial, as it could reveal new information or arguments that could impact remedies. In a throwback to events that preceded this key timeline, the SEC served nine interrogatories and three RFPs on Ripple on Nov. 14.After the parties met and conferred on Dec. 21 and Jan. 3 to narrow the dispute, the SEC filed a motion on Jan. 11 to compel discovery of Ripple's financial statements for the years 2022 and 2023, post-complaint written contracts governing XRP sales to institutional buyers, hedge funds and ODL customers, and the proceeds Ripple received for deliveringOn Feb.
Ripple did not request changes to any other deadlines in this case, with these remaining the same. Legal briefs are expected to be submitted in March and April of this year, and then the Court will decide which remedies to impose.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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