Ripple v. SEC case update as of July 3, 2024
As the cryptocurrency community still awaits the conclusion of the ongoing courtroom standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, decisions in other similar cases continue to serve as arguments. Specifically, Ripple’s legal team has filed a notice of supplemental authority regarding the recent decision in the SEC’s case against one of the largest crypto exchanges in the world, Binance, in which the court observed problems with the regulatory agency’s current practices. Indeed, as Ripple pointed out, the June 28 Memorandum Opinion and Order in the Binance case supports its argument that there is a lack of regulatory clarity regarding crypto assets, according to a document shared by a defense attorney and popular commentator on the case, James K. Filan, in an X post on July 2. Picks for you ...
