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Battle Still On Over Fair Notice Defense? Stuart Alderoty, Chief Legal Officer at Ripple referred to footnote number 20 from the summary judgment in the XRP lawsuit. He stated that the court makes it clear that the commission’s theories are potentially very much subject to a fair notice defense. advertisement The footnote reads that only the Institutional Sales constituted the offer and sale of investment contracts, the Court does not address defendants’ asserted fair notice defense as to the other transactions and schemes. Pro XRP lawyer, John Deaton stated that there are many lawyers claiming that the judge rejected that fair notice defense. However, this is not true, he asserted. As per the ruling, the judge rejected its application to institutional sales. He added that judge Torres highlighted that the US SEC enforcement actions in the past provided fair notice related to institutional sales. However, she commented on prosecuting the ot...

Also Read: XRP Whales Scoops 360 Million XRP; Ripple Lawsuit Verdict Near? advertisement XRP Lawsuit Verdict To Bring Clarity? Crypto expert, Scott Melker aka The Wolf of All Streets stated that the crypto industry needs to fight back now. He asserted that if this doesn’t happen now then there is a possibility that the US users will be left only with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) as an option to trade in. He highlighted that these 4 assets are being traded on EDX crypto exchange which is operated by Fidelity, Citadel, and Charles Schwab. The Wolf of All Streets added US SEC Chair, Gary Gensler has called BTC, ETH, LTC and BCH commodities earlier. Attorney John Deaton, Amicus Curiae in the XRP lawsuit pointed out how crucial a verdict is for the major cryptos like Solana (SOL), Polygon (MATIC), and Cardano (ADA). However, he mentioned that if the outcome turns out to be bad for XRP, not Ripple then US SEC Chair, ...

Also Read: XRP , DOGE Added In Crypto Index Launched By Hong Kong Rating Agency advertisement XRP Lawyer Offers Support Attorney John Deaton, XRP holders’ lawyer mentioned that he found SpendTheBits in the search of developers on the XRP Ledger ( XRP L) who hadn’t received any kind of funds from Ripple. He added that Ripple and its executives Brad Garlinghouse, and Chris Larsen were unaware of SpendTheBits and its app. SpendTheBits had filed an amicus brief in the XRP lawsuit in support of the defendants back in 2022. The U.S. District Court Judge Analisa Torres granted the request. The attorney believes that this Amicus Brief was the best example that demonstrated a major flaw in the US SEC’s theory. He expects that it could also be cited by Judge Torres in the Summary Judgment. Read More XRP News Here… Deaton highlighted that TapJets and SpendTheBits can prove to be the best example to destroy the SEC’s common enterpris...