The XRP Lawsuit Seems Long Drawn, Should Ripple Settle?


It’s been 171 days since the US Securities and Exchange Commission (SEC) challenged XRP and Ripple Labs directly by filing a lawsuit against them. There have been a slew of motions and memorandums exchanged so far, but no clear winner has emerged. Every court judgement has had and will continue to have far-reaching repercussions in this case, which is unusual and perhaps exceptional in its own right. Ripple Has Had A Upper Hand To begin with, the SEC’s decision to obtain legal advice documents from Ripple has clearly backfired. They had flatly accused the blockchain firm for “ignoring” legal advice, and after the court ruling, they had lost their main counter-argument to the defendants’ fair notice defense. Ripple, on the other hand, has already presented two key defenses and has been systematically attacking the SEC’s blame game. Ripple replied by accusing the SEC of “shifting its tune” as the agency…

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