, 2022-12-05 00:09:00,
- Ripple’s general counsel Stuart Alderoty says Ripple has fought the SEC gallantly for the entire crypto industry
- Ripple has recently filed its motion in support of moving to summary judgment, the last stage of the case
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has entered the last round according to Stuart Alderoty, the general counsel of the San Francisco, California-based financial technology company.
Alderoty informed the community via a tweet, that Ripple has made its final submission in the case asking the court to grant judgment in its favor. He also stated that the company is proud of the defense it has mounted on behalf of the entire crypto industry while playing right by the court.
This is our final submission where we ask the court to grant judgment in our favor. After two long years, Ripple is proud of the defense we’ve mounted on behalf of the entire crypto industry. We have always played it straight with the Court. Can’t say the same for our adversary.
— Stuart Alderoty (@s_alderoty) December 2, 2022
His remark is coming after Ripple and Ripple defendants—CEO Brad Garlinghouse and co-founder Chris Larsen—filed a reacted reply in support of a motion for summary judgment.
In the motion, Ripple argued that the SEC’s opposition to moving to summary judgment should be…
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