News

XRP Lawsuit: US SEC Claims Supreme Court Ruling Won’t Help Ripple; What’s Next?

Ripple’s last filings in the XRP lawsuit might play a vital role in securing the Summary Judgment in its favor.
Published by
XRP Lawsuit: US SEC Claims Supreme Court Ruling Won’t Help Ripple; What’s Next?

XRP Lawsuit News: U.S. Securities and Exchange Commission (SEC) filed its reply to the Ripple Defendants’ letters filed in the District Court regarding Supplemental Authority From the Bittner and Voyager cases. It is expected that Ripple’s last filings in the XRP lawsuit might play a vital role in securing the Summary Judgment in its favor.

Advertisement

US SEC Rejects Ripple’s Attempt To Secure Ruling

As per the US SEC’s filing, the agency claims that neither the Bittner v. United States nor the bankruptcy plan confirmation order in Voyager Digital Holdings provides any basis to deny their motion for Summary Judgment. It added that neither of the decisions even include a fair notice defense.

The commission stated that the Supreme Court’s decision in the Bittner case has nothing to do with the fair notice defense the Ripple and Defendants are trying to invoke in order to defeat liability in the civil action. It highlighted that the rule of lenity implied in the Bittner case does not apply to the Civil enforcement context. Read More XRP Lawsuit News Here…

Also Read: Cathie Wood Snaps Up Shares of Block Inc. Amid Hindenburg-Fueled Rout

The US SEC brought up that the lenity mentioned in the Bittner case only applies when a criminal statute contains a ‘grievous ambiguity or uncertainty.’ The commission went on to strengthen its reply by stating that it has on a regular basis provided guidance that crypto asset offerings violate Section 5 if they revolve around the offer and sale of an investment contract.

Taking on the Voyager ruling by the Apex court, the US SEC stated that it won’t help Ripple either as that case involved a bankruptcy plan for the potential sale of crypto assets to another company. However, the commission already booked an objection in the Voyager deal. Meanwhile, the bankruptcy judge overruled the SEC’s objection in a ruling.

Also Read: Bitcoin and Crypto Back on Upward Trajectory Despite SEC’s Crypto Caution

Advertisement
Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

$2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments

Citigroup, a top U.S. bank with $2.5 trillion asset under management has partnered with Coinbase.…

October 27, 2025
  • News

Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates

U.S. Treasury Secretary Scott Bessent has confirmed the final shortlist of contenders to replace Jerome…

October 27, 2025
  • News

Mt. Gox Delays Repayments to 2026 as Trump-Backed American Bitcoin Adds 1,414 BTC

Mt. Gox has once again pushed back its long-awaited Bitcoin (BTC) creditor repayments by a…

October 27, 2025
  • News

Crypto ETFs Attract $1B in Fresh Capital Ahead of Expected Fed Rate Cut This Week

Crypto ETFs record nearly $1 billion in weekly inflows. This marks one of the strongest…

October 27, 2025
  • News

Breaking: Michael Saylor’s Strategy Adds 390 BTC to Holdings as Bitcoin Surges Past $115k

Michael Saylor’s treasury firm Strategy has made another weekly purchase as it continues to expand…

October 27, 2025
  • News

Solana, Cardano, Litecoin, Sui ETFs Delay Wipe Out Institutional Interest: CoinShares

Institutional investors' interest in altcoins has almost completely wiped out due to the delay in…

October 27, 2025