US SEC submits final response in Ripple case relief phase

Ripple Labs and the U.S. SEC have made new progress in their legal battle, with the SEC filing a final response in the remedies phase of the lawsuit. In its recent response to the remedies brief, the SEC questioned Ripple's claim that the blockchain startup's behavior was not reckless and that there should not be "extensive uncertainty" about Ripple's legal position, even though the court previously rejected this "fair notice" defense. The SEC also maintained its original position on whether Ripple may take similar actions in the future, even though Ripple has not violated any rules since the XRP lawsuit was launched in 2020. According to the remedies brief, Ripple tried to downplay its responsibility while emphasizing its cooperative initiatives with the SEC since the XRP ICO in 2013. However, the SEC emphasized that under the law, even if Ripple has not committed any violations since 2020, it is still possible to expect the next violation. (Cointelegraph)