SEC WASTING TIME
The SEC has filed a Letter of Supplemental Authority in support of its Motion to Strike Ripple's Fair Notice Defense. The fair notice defense was filed in April, they've had plenty time to respond to it and now submit this as an after thought 10 months later whilst Ripple have incurred legal fees through out this 10 months to prepare case. Also what I find amusing is that the case they are citing on from Dec 21,2021 only can be cited because they were give extra time for discovery and would have not been “grandfathered” in to anything that actually involves THIS case. Clearly an attempt of desperation. I don't see why SEC would use Fife lawsuit when they are “picking” the Fair Notice Defense dismissal, when Fife sold their stocks in the US. Ripple never held an ICO. There aren't similarities between the two cases. Sec can not use the Fife ruling. The sec can only use this to strike the lack of fair notice if sec firstly proved that all xrp is a security and all xrp has been sold as unregistered securities. The Fife case is about securities! This is just a motion to draw the judges attention to the reasons why the SEC wants the fair notice defense tossed out.
The Ripple case is based on two things:
1. XRP is not a security
2. The fair notice affirmative defense.
So after, SEC couldn't show that XRP is a security, now they try to file a motion in order to dismiss the fair notice defense because it's the thing that can win Ripple the case, even though this motion was filed in APRIL last year. At this point it just means, SEC is trying to waste as much time as possible because they know they don't have any way out this case, winning it. No matter, what happens to bitcoin or the market, when Ripple wins the case, XRP will be the first crypto fully and legally recognized as decentralized, which means it will revolutionize the crypto industry, and undoubtedly the price will soar, and XRP will finally get it's recognition and true value, after missing a strong bull run, being delisted from many crypto exchanges due to the sec case.
The letter and the case the SEC relies upon: t.co/H4tncUYVfR
XRPUSDT
The Ripple case is based on two things:
1. XRP is not a security
2. The fair notice affirmative defense.
So after, SEC couldn't show that XRP is a security, now they try to file a motion in order to dismiss the fair notice defense because it's the thing that can win Ripple the case, even though this motion was filed in APRIL last year. At this point it just means, SEC is trying to waste as much time as possible because they know they don't have any way out this case, winning it. No matter, what happens to bitcoin or the market, when Ripple wins the case, XRP will be the first crypto fully and legally recognized as decentralized, which means it will revolutionize the crypto industry, and undoubtedly the price will soar, and XRP will finally get it's recognition and true value, after missing a strong bull run, being delisted from many crypto exchanges due to the sec case.
The letter and the case the SEC relies upon: t.co/H4tncUYVfR
XRPUSDT
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