XRP Lawsuit News: Ripple labs on Friday filed a letter in the US district court supporting its motion in the long running case with the U.S. Securities and Exchange Commission (SEC). It mentioned that a recent Supreme Court case backs its Fair Notice Defense. However, the agency previously argued that the third parties’ views stand irrelevant.
Why Ripple Filed The Letter?
The defendants asked Judge Analisa Torres to appraise the Supreme Court decision at the time of announcing the Summary Judgement in the XRP lawsuit.
Attorney John Deaton, Amicus Curiae in the Ripple Vs SEC case, stated that people speculating that the US SEC has the upper hand as Ripple is still looking to strengthen its position. However, the Supreme Court ruling in the other court came just four days ago.
He hinted that the Judge will be filing the decision in the XRP lawsuit in around 2 months and the Supreme Court ruling should be considered in the Summary Judgment as it is relevant for Ripple’s Affirmative Defense.
The post New Twist In XRP Lawsuit; What Does Ripple’s New Supreme Court Letter Mean? appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks