SEC Opposes Ripple’s “Fair Notice” Defense

In a letter to U.S. District Judge Analisa Torres, the SEC said that the arguments provided by Ripple Labs in its recent response were based on a “fair notice” defense, according to u.today. “In addition, Ripple’s fair notice defense, as interpreted by the company, could even invalidate the results of the Howey test if granted by the court.

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