Ripple has countered the US Securities and Exchange Commission’s legal bid against it, insisting that the agency failed to provide sufficient notice that XRP tokens should be classified as securities. In a response to a letter of supplementary authority filed by the SEC in relation to earlier court case Commonwealth Equity Services LLC – SEC v Commonwealth, Ripple argued that the case cited by the regulator did not offer grounds for dismissing its fair notice defense. Ripple also claimed that previous proceedings cited by the SEC were irrelevant because they were not linked to XRP or the facts of the it its own case.
Source link
#Ripple #Sets #Record #Straight #Counters #SECs #Argument #Fair #Notice #Defense
