.Ripple argues that the recent Supreme Court verdict in Bittner v. United States supports their fair notice defense against SECGov in the ongoing lawsuit against the company
The company asserted that the SEC failed to come up with clear guidance for the industry pertaining to the application of securities laws to digital assets, causing confusion and ambivalence among market participants.
Ripple Labs pointed out that the statutory provisions relevant to their case, such as the definition of"security" in 15 U.S.C. § 77b, provide no discussion specific to digital assets. They also argued that the SEC's prior guidance on the matter appeared to contradict their present litigating position.
The company stated that many experienced securities law practitioners and industry participants were unable to anticipate the SEC's current theory. Ripple Labs argues that, like in Bittner, the SEC's current theory poses a serious fair-notice problem. The case is still unfolding, and the Court's ruling will have momentous implications for the digital asset industry and the application of securities laws to digital assets.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Supreme Court student loan hearing: What you need to know - New York Amsterdam NewsThe fate of President Joe Biden’s student loan forgiveness plan is up in the air after Supreme Court justices questioned whether his administration has the authority to broadly cancel federal student loans.
Lire la suite »
Opinion | The Supreme Court’s conservatives have a flimsy new doctrineThe ever-expanding 'major questions' doctrine has become conservative justices' tool of choice for voiding Biden administration policies.
Lire la suite »
Ted Cruz gets in shouting match with AG Garland over Supreme Court protestersCruz says Garland 'sat on your hands' while protesters rallied outside Supreme Court...
Lire la suite »
Ted Cruz clashes with Merrick Garland over DOJ response to Supreme Court leak: 'You did nothing'Sen. Ted Cruz (R-TX) got into a heated exchange with Attorney General Merrick Garland as the Texas senator accused the Justice Department chief of failing to protect conservative Supreme Court justices after they voted to overturn Roe v. Wade last summer.
Lire la suite »
Supreme Court seems to favor Jersey in dispute with New YorkWASHINGTON (AP) — The Supreme Court seemed ready Wednesday to allow New Jersey to withdraw from a commission the state created decades ago with New York to combat the mob's influence at their joint port.
Lire la suite »