XRP Lawsuit News: The global digital asset industry is waiting for the crucial Summary Judgment in the long running Ripple Vs U.S. Securities and Exchange Commission (SEC). However, the crypto industry might have to wait further for regulatory clarity as the Commission filed a new motion in the XRP lawsuit.
In the bid to support its Motion for Summary Judgment, the SEC filed a letter of Supplemental Authority in the XRP lawsuit. It mentioned the District of Massachusetts court issued the opinion of granting the SEC’s motion for summary judgment while denying Ripple and other defendants’ cross motions for a ruling in their favor.
The fresh filing relates to the fair notice defense that the US SEC seeks to decide against the defendants in its motion for Summary Judgment. However, Ripple attempted to rely on the Upton v SEC case in a fair notice defense yet it lost.
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Source: https://coingape.com/why-xrp-lawsuit-verdict-is-likely-to-delay-further/