TechFlow reported, according to Decrypt, court filings show that a U.S. judge has requested Ripple Labs to turn over historical financial statements to fulfill a long-standing demand by the U.S. Securities and Exchange Commission (SEC).
In documents filed on Monday, Judge Sarah Netburn sided with the SEC, ordering Ripple to provide records from 2022 to 2023. Ripple must also answer questions regarding the amount of proceeds it received from institutional sales of XRP. Ripple Labs argued its financial documents are "highly confidential," and last month challenged the SEC's request for disclosure of its financials.
Notably, Ripple achieved a partial victory last year in its legal battle with the SEC, when a judge ruled that programmatic sales of XRP to retail investors did not constitute securities.
