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Ripple vs. SEC Feud Intensifies: Court Rejects Fair Notice?

Published 04/12/2023, 10:10 AM
Updated 04/12/2023, 10:30 AM
Ripple vs. SEC Feud Intensifies: Court Rejects Fair Notice?
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  • The SEC has backed its Motion for Summary Judgment against Ripple Labs in the legal battle.
  • The court dismissed Ripple's defense of inadequate notice.
  • The SEC's argument could weaken Ripple's defense.
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to escalate, as the SEC has provided further backing for its Motion for Summary Judgment.

The recent SEC letter references a prior case against Commonwealth Equity Services to assert that Ripple breached the Investment Advisers Act of 1940 by failing to disclose specific conflicts of interest.

https://twitter.com/FilanLaw/status/1645877524780707840

Ripple's Challenge to SEC Rejected by Court

What is particularly noteworthy is that the court rejected the defendant's defense that the SEC did not provide sufficient notice of the disclosure obligations alleged in the...

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