SEC Calls Ripple’s Defenses “Legally Improper” In Letter To Judge
In a legal letter to Judge Analisa Torres of the U.S. District Court for the Southern District of New York filed on March 9, the U.S. Securities and Exchange Commission is asking the court to strike Ripple’s “fair notice” defenses and deny its executives’ upcoming motions to dismiss the lawsuit.
SEC attorney Jorge Tenreiro argues that the blockchain company is attempting to “avoid liability” for its unregistered XRP offering by shifting the blame onto the agency.
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