- Ripple files a Sur-Reply letter citing the SEC’s misstatements and mischaracterization.
- The letter came in response to the recent developments in the SEC’s Motion to Compel.
- While Bill Morgan cites that the SEC often misleads the court, “WrathofKahneman” requests the court to disregard the misstatements.
In a novel turn in the SEC-Ripple legal tussle, Ripple submitted a motion to file a Sur-Reply in connection with the SEC’s Motion to Compel. While the letter highlighted the “significant factual mischaracterization” in the regulators’ reply letter, the prominent XRP attorney, Bill Morgan, slammed the SEC for their frequent “misleading” statements.
The SEC misleading the Court is happening far too often. https://t.co/1Oh5doXj46— bill morgan (@Belisarius2020) January 24, 2024
On January 11, the SEC filed a Motion to Compel, demanding Ripple to produce certain documents, including the financial statements for FY 2022-23 and post-complaint contracts governing institutional sales. However, the company opposed the motion, citing it as an “untimely” request. Pointing out that the SEC’s request violates the law, Ripple requested the cou…
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