Latest Updates on Ripple vs SEC Case
On April 23, 2023, the ongoing legal battle between Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) continued to unfold. In a recent development, the SEC submitted a letter to the court in support of its motion for summary judgment in the case.
The SEC cited the U.S. Supreme Court case SEC v. C.M. Joiner Leasing Corp., 320 U.S. 344, 351 to further its argument against Ripple’s fair notice affirmative defense. The letter provided supplemental authority to the court in support of the SEC’s pending motion for summary judgment.
Meanwhile, Ripple and its legal team continue to await a ruling from Judge Torres, which could come as early as the end of April. The legal battle between Ripple and the SEC has lasted over 28 months and has been closely watched by the cryptocurrency industry.