The long-running legal spat between Ripple and the SEC and Ripple is drawing close after two years.
As the battle entered the final round, both parties involved filed their redacted replies in support of their respective motions for summary judgment on December 2nd.the company’s “final submission,” urging the court to grant judgment in its favor.
According to the court document, the San Francisco-based blockchain company asserted that the United States Securities and Exchange Commission has failed to prove the existence of any investment contracts governing the defendants’ offers and sales of XRP between the period 2013 and 2020. “I said it on day 1, we will aggressively fight to get clear rules for the entire industry in the U.S. Congrats to all of Team Ripple for getting us to this point. Ripple stood strong and withstood the SEC’s onslaught. I look forward to being on the right side of justice.”
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