币界网报道：Ripple's ongoing legal battle with the U.S. SEC faces another setback as a federal judge denied the company's motion to seal financial documents and settlement details. The ruling requires Ripple to disclose its 2022-2023 financial statements and post-complaint institutional sales contracts, which the SEC argues are crucial to determining appropriate remedies. Judge Sarah Netburn rejected Ripple's claims that this information could harm business relationships, stating the documents are "judicial documents" subject to public access. The decision comes as both parties prepare for the remedies phase of the lawsuit, where the court will determine penalties for Ripple's alleged violations of securities laws through XRP sales to institutional investors. Legal experts suggest this transparency could influence settlement negotiations and set precedents for crypto regulation. Ripple maintains that XRP is not a security, despite the court's earlier ruling that institutional sales constituted unregistered securities offerings.