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Federal Judge Grants Ripple's Request for Extension of Time in SEC Lawsuit Discovery Requirements

A federal judge has granted Ripple's request to delay the deadline for remedies-related discovery by a week, which includes providing detailed financial statements and information on post-complaint XRP institutional sales. Ripple has agreed to comply with the order and all SEC requirements, but claims that providing three years of contracts for the sale of XRP is burdensome and will take time. The SEC and Ripple will prepare for legal briefs for proceedings in March and April, with the court deciding on which remedies to impose later. XRP's price has jumped 2% in the past 24 hours, currently trading at $0.52, while the trading volume has decreased by 5% in the last 24 hours.

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