The U.S. SEC responded to "Ripple's rejection of its motion to compel," saying that its request for Ripple to provide relevant financial statements was procedurally correct. It still required Ripple to provide two years of audited financial statements and provide "non-employee counterparties" after the lawsuit. "Contracts to sell or transfer XRP, as well as detailed amounts of "XRP institutional sales proceeds" received after the lawsuit.
Additionally, the U.S. SEC is seeking to penalize Ripple in the XRP lawsuit. (CoinGape)
Previously, former U.S. federal prosecutor and defense attorney James K. Filan disclosed on the Analysts believe that Ripple is trying to prevent the SEC from reopening evidence disclosure to obtain more information. Ripple believes that this has nothing to do with the outcome of the case and will only delay the proceedings. Ripple hopes that the court will reject the SEC’s motion to force further disclosure of more information. .