New Ripple filing in support of Fair Notice defense

[HAL1000]

New Ripple filing in support of Fair Notice defense states that "Commissioners Peirce and Roisman have candidly explained that there is a 'decided lack of clarity for market participants around the application of the securities laws to digital assets and their trading . . . . It will be interesting to see how the #SECGov tap dances in its responses to the defendants' filings about the Peirce and Roisman statement in view of the obvious infighting at the highest level of the Commission. The SEC needs to put its house in order.  Source James K. Filan

[HAL1000]

OR IN OTHER WORDS

 

Edited July 21, 2021 by HAL1000

[HAL1000]

Jeremy Hogan

Attorney Kellogg understands how great this argument is going to be. If a "reasonable person" doesn't have any clarity in July 2021, how the h*** did they have it back in 2019 or 2017 (before the big DAO guidance) or even back in 2013?! That's the kind of argument lawyers love!

How will the SEC counter this? "It's just the Commissioner's personal opinions and its an objective standard, and any references to "third parties" is hearsay." But no matter the argument, all the SEC can do at this point is "damage control." And that's never good in litigation.

ON ANOTHER NOTE, AS XRP CHAT'S RESIDENT ONE MAN NEWS SERVICE, PLEASE HIT THE LIKE AND SUBSCRIBE BUTTON BELOW AND HIT ME UP ON MY PATREON SERVICE... LOL

Edited July 21, 2021 by HAL1000