📣 SEC Intensifies Scrutiny on Ripple
posted 12 Jan 2024
The U.S. Securities and Exchange Commission (SEC) filed a court order requiring Ripple (XRP) to disclose its institutional investor information for the last two years. This development stems from a judge's earlier ruling that classified XRP as a security when specifically sold to institutional investors.
Ripple has requested a short extension to prepare a thorough response to the SEC's demand. This action signifies the SEC's ongoing investigation into Ripple, signaling its pursuit of potential reasons for imposing penalties or legal injunctions.
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