In the ongoing lawsuit involving Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), the latter submitted an extensive response to Judge Sarah Netburn of the Southern District of New York.
The document, titled "Reply in Further Support of its Motion to Compel," marks a substantial development in the legal conflict.
The SEC's detailed response underlines a key progression in the lawsuit which could potentially have profound impact on the outcome.
Details of the document reveal the regulatory body's concrete steps towards seeking compulsory compliance from Ripple Labs Inc.