SEC files final response in Ripple XRP case
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations.
Ripple Labs and the United States Securities and Exchange Commission (SEC) have made major progress in their legal battle, with the SEC taking a step forward by filing its final reply in the lawsuit’s remedies phase.
In its recent response to the remedies brief, the SEC challenged Ripple’s assertions that the blockchain startup acted without recklessness and that there should be no “widespread uncertainty” about XRP’s legal status despite the court previously rejecting this “fair notice” defense.
The SEC also maintains its stance on whether Ripple will likely engage in similar actions in the future, even though Ripple has not violated any rules since the XRP lawsuit was initiated in 2020.
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