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The legal standoff between Ripple and the US SEC has intensified as the agency has asked a court to force Ripple to disclose its financial statements and XRP contract.
Meanwhile, Borroe Finance (ROE) aims to expand as an AI-based Web3 marketplace.
Borrow finance presale success
Borroe Finance raised over $2.61 million in presale.
Investors are considering this project because it has the potential to lower the barrier to entry to web3.
In stage 4 of the presale, ROE is available at an initial price of $0.010 to $0.019.
ROE serves as the governance token for the Borroe Finance ecosystem.
Web3 participants can obtain funds instantly by using their future earnings as collateral. Investment opportunities are minted as non-fungible tokens (NFTs). In this way, Borroe Finance aims to address short-term capital issues faced by Web3 content creators due to factors such as irregular payments.
US SEC raises new requirements
Despite the court’s ruling that XRP is not a security, the US SEC is seeking more information from Ripple to further investigate the matter.
This latest development suggests that the ongoing legal battle between Ripple and the US SEC is far from over.
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