Ripple Files Final Submission Against SEC; Lawyer Says Fighting For Crypto

Ripple, Bradley Garlinghoue and Chris Larsen (defendants) filed their redacted reply to the US SEC’s opposition to Ripple’s Motion for Summary Judgment in the XRP lawsuit. The motion mentions the recent decision in LBRY vs SEC case and asked the court to grant the defendants the Summary Judgment.

Ripple on right side of justice in XRP lawsuit?

Stuart Alderoty, General Counsel of Ripple in a tweet stated that after two long years, they are proud of the defense they have mounted in the name of the entire crypto industry.

He added that the defendants in the XRP lawsuit have played straight with the court. However, it’s difficult to say what the adversary is doing.

Brad Garlinghouse, CEO at Ripple affirmed with General Counsel. He mentioned that they are fighting to get clearer regulations for the entire industry. However, he congratulated Team Ripple for getting to this point.

He highlighted that the defendants stood strong and withstood the SEC’s onslaught. Meanwhile, he’ll look forward to being on the right side of justice in the XRP lawsuit.

John Deaton, Amicus Curiae in the XRP lawsuit mentioned that Ripple has defended itself against the SEC’s massive overreach.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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