SEC vs. Ripple Heats Up: Regulators Reject Binance Ruling’s Relevance in XRP Case
- Ripple filed a Notice of Supplemental Authority, referencing the Binance ruling.
- The SEC responds, claiming that the Binance ruling is wholly irrelevant in the XRP case.
- The regulators clarified their stance by pointing out the court’s statement about the SEC’s 2017 DAO report.
The ongoing legal battle between Ripple and the SEC has escalated in recent days, particularly after Judge Jackson’s ruling on Binance’s BNB token. In the latest development, the SEC has criticized Ripple’s attempt to introduce the Binance case into the ongoing Ripple lawsuit.
Ripple Labs and the SEC have made significant progress in their legal battle, with the SEC filing its reply in the lawsuit’s remedies stage. In the response to the remedies brief, the SEC had challenged Ripple’s insistence that the blockchain startup acted without recklessness and that there should be no “widespread uncertainty” about the legal status of XRP despite the court previously rejecting this “fair notice” defense.
Defense attorney James Filan shared an X post a snippet of the SEC’s response to Ripple’s Notice of Supplemental Authority. The regulators dismissed Ripple’s arguments, ci…
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