<span style="font-weight: 400;">The much-anticipated summary judgement in the crucial legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is getting closer. A verdict in the XRP lawsuit is anticipated to provide regulatory clarity for the <a href="https://www.cryptoknowmics.com/news/blockchain-technology-and-its-impact-on-the-cryptocurrency-industry/" target="_blank" rel="noopener">cryptocurrency industry</a>, it may experience a slight in the process.</span>
<h2><span style="font-weight: 400;">Irrelevant arguments from the US Securities and Exchange Commission</span></h2>
<span style="font-weight: 400;">Defendants Ripple Labs, Brad Garlinghouse and Chris Larsen have filed responses to the Commission's Supplemental Power of Attorney. The US SEC has sought summary judgement in the XRP lawsuit, citing the Court's opinion of SEC vs Commonwealth Equity Servs. However, Ripple criticised the U.S. Watchdog, saying it was an unpublished opinion of a district court.</span>

<span style="font-weight: 400;">The US SEC intends to drop and defend the Fair Notice argument put forward by Ripples and the defendants. The Commonwealth's case shows that the defendants said there was no prima facie evidence to support their defence.</span>
<h2><span style="font-weight: 400;">Fair Notice Defense - Ripple's fourth Affirmative Defense in XRP lawsuit</span></h2>
<span style="font-weight: 400;">The Fair Notice Defense (FND), as stated by John Deaton, Amicus Curiae in the XRP lawsuit, is pled as Ripple's Fourth Affirmative Defense. He went on to say that Ripple's FND argument is unique because it only applies to XRP. The argument made by the defendants cites specific details about how the US SEC and other agencies dealt with XRP. He stated that the Fair Notice Defense presented by the defendants is robust. There is a genuine opportunity that Judge Analisa Torres rules the FND to be chosen by Jury. But she can only do it if she finds that any XRP sales broke the law. It is proposed that Judge Torres probably won't consider FND until she decides that Wave offered/sold XRP as a security.</span>

Ripple's Fair Notice Defence May Face A Jury Trial

The Fair Notice Defense (FND), as stated by John Deaton, Amicus Curiae in the XRP lawsuit, is pled as Ripple's Fourth Affirmative Defense.

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Ripple's Fair Notice Defence May Face A Jury Trial

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