As the US Supreme Court rules in favor of Ripple’s fair notice defense, the XRP community expresses slight optimism. However, XRP price lost 3% in one week.
The SEC vs. Ripple case has been going on for over two years since 2020. The US Securities and Exchange Commission (SEC) then accused the remittance firm Ripple of illegally raising $1.3 billion by selling XRP tokens in an unregistered securities offering.
In a recent development, Ripple wrote a letter to the US District Court on the issue of fair warning by the SEC. It cited a recent Supreme Court ruling favoring the blockchain company’s fair notice defense.
Source: https://crypto.news/ripple-lawsuit-sees-biggest-twist-in-months/