Posted 1/12/2024, 4:30:00 PM
SEC Seeks Ripple's Financials to Calculate Fines Over Unregistered XRP Sales
- SEC requests Ripple's financial statements to determine civil penalties for unregistered XRP sales
- SEC alleges Ripple continued institutional XRP sales after July court ruling that deemed them unregistered securities
- Ripple seeks deadline extension to Jan 2024 to comply with SEC's requests
- Ripple CTO denies claims company dumped 327 million XRP in December to suppress prices
- SEC requests could be related to claims Ripple suppressing XRP price through excessive selling