The ongoing lawsuit between the US Securities and Exchange Commission (SEC) and Ripple (XRP) is coming to an end. Ripple has recently filed a summary submission to the court.
Ripple officials have submitted a document to the court that is the final stage of the lawsuit that has been pending against the SEC for two years. In the document submitted to the court on 2 December, edited responses to summary judgment requests shared. In this summary document of Ripple, the SEC’s 2013-2020 years of XRP under federal safety laws He argued that he could not prove it was a security.
Ripple General Counsel Stuart Alderotyon 3 December twitter In a statement via Ripple, thislast application” and they wanted the court to decide in their favor. Ripple’s “on behalf of the entire crypto industryStating that he is proud of his defense, Alderoty said that the company “that you have always been honest with the court” made a scathing reference to the SEC, stating:
This is our last application where we ask the court to decide in our favor. After two long years, Ripple is proud of the defense we have built on behalf of the entire crypto industry. We have always been honest with the court. I cannot say the same for our competitor (SEC).