Legal Battle Between Ripple and SEC: SEC Challenges Binance Ruling's Significance in XRP Case

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

Legal Battle Between Ripple and SEC

The ongoing legal clash between Ripple and the SEC has reached a critical juncture, especially after the recent ruling concerning Binance's BNB token. In a new development, Ripple submitted a Notice of Supplemental Authority citing the Binance ruling, to which the SEC responded by asserting the irrelevance of the Binance ruling in the XRP case.

Recent Actions

Regulators clarified their position by underscoring the court's discussion on the SEC's 2017 DAO report, highlighting the distinct nature of the Binance ruling compared to the ongoing XRP legal proceedings.

SEC's Stand

Ripple Labs and the SEC have made significant advancements in their legal contest, with the SEC issuing its reply during the remedies phase of the lawsuit. In response to the remedies brief, the SEC challenged Ripple's claim that the company operated without recklessness and disputed the notion that there should be no uncertainty about XRP's legal status, despite the court's previous rejection of the 'fair notice' defense.

Attorney James Filan shared a portion of the SEC's response to Ripple's Notice of Supplemental Authority, revealing the regulators' dismissal of Ripple's arguments.

The intensifying conflict between Ripple and the SEC underscores the intricate legal landscape in the cryptocurrency sector, symbolizing the contrasting viewpoints and interpretations within the industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hyperliquid Strategies Files for Futures Commission Merchant Status

Hyperliquid Strategies has filed an application to become a futures commission merchant, allowing it to handle certain futures-related client functions.

user avatarAndrew Smith

Hyperliquid Strategies Reports Significant Growth in HYPE Token Treasury

Hyperliquid Strategies announced significant growth in its HYPE token treasury, reaching 385 million tokens as of September 30, following the deployment of 802 million tokens in the previous quarter.

user avatarJacob Williams

Alchemy Pay Expands Regulatory Reach with New License in Mississippi

Alchemy Pay has secured a money transmitter license in Mississippi, increasing its total to 20 states in the US.

user avatarZainab Kamara

Blockchain.com Introduces New Trading API for Institutional Clients

Blockchain.com has launched a trading API designed for institutions to access its liquidity across digital assets.

user avatarSon Min-ho

Warren and Trump Team Up for Credit Card Interest Rate Cap

Senator Elizabeth Warren announced her readiness to collaborate with President Donald Trump to implement a 10% cap on credit card interest rates, aiming to provide relief for millions of Americans burdened by high credit card debt.

user avatarAyman Ben Youssef

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.