The Securities and Exchange Commission (SEC) has recently demanded financial information from Ripple, a company currently facing enforcement action by the agency. However, Ripple has expressed reluctance in providing the requested data. The SEC’s ongoing enforcement action against Ripple implies that the agency is pursuing legal measures against the company due to potential violations of securities laws. The SEC’s request for financial information indicates its intention to thoroughly investigate Ripple’s financial activities and potentially gather evidence to support its enforcement action.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinSignificance of Wealth Penalty in Ripple Financials Dispute, as Per SEC