TechFlow reported, according to Cointelegraph, Ripple has filed a motion opposing the SEC's request for financial statements and other documents. Legal representatives of Ripple Labs declared that the U.S. SEC’s request to examine additional financial records is invalid. Ripple Labs argued that the deadline has passed and that the materials are irrelevant to the upcoming April trial date.
Meanwhile, Ripple’s legal team emphasized that the court should not be swayed by the U.S. regulator’s characterization of the blockchain technology company. The lawyers stated: “The court should not go down the slippery slope the SEC is paving.” Additionally, Ripple’s attorneys argued that the SEC has exhausted all interrogatories—the list of written questions the SEC submitted to Ripple prior to trial.
Previous report, the U.S. Securities and Exchange Commission filed a motion requesting Ripple to produce its 2022 to 2023 financial statements and contracts related to how it managed its "institutional sales" following the lawsuit.
