Ripple Got A Support From LBRY To Go Against the Idea To Strike Company Defense
Lately, in its letter to the court, ripples counsel make an alarm that the US security and exchange commission( SEC) shouldn't be allowed to bolster its case against the company's vital fair notice defense by filling the gap with" out-of-circuit" cases. In its request to file a sur- reply to Ripple's sur- reply, the SEC points to an analogous case involving blockchain company LBRY Inc. The defense claimed that the blockchain process was treated else by analogous companies. Although the court ruled against the defense medium given that the agency had pursued enforcement conduct against other also positioned blockchain systems. Hence, the SEC believes that the ruling should justify striking Ripple's make-- or- break- fair notice defense In the LBRY case, ripple claimed that the SEC was nowa...