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Blockchain giant Ripple has another major win against the US Securities and Exchange Commission (SEC).
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Regarding the regulatory status of XRP, Judge Judge Sarah Netburn rejected the SEC’s offer to access the company’s legal advice data.
The decision strengthened Ripple’s fair notice defense, based on the premise that the institution did not warn market participants of the fact that cryptocurrency is an unregistered security.
But the judge says he took no stance on whether the defense was understandable and worthwhile:
“The Court takes no stance on whether Ripple’s defense is admissible or worthwhile…”
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Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.