solodeji Posted February 24, 2022 Share Posted February 24, 2022 Analisa Torres, the United States District Judge, has denied the application letter from the U.S. Securities and Exchange Commission (SEC) to strike out Ripple’s fourth affirmative defense, a move many termed as delay tactics from the regulator. In the letter, the SEC demanded the court to exercise its discretion in considering its proposed sur-sur-reply in order to “present to the Court highly relevant recent authority that directly refutes the arguments Ripple makes in its Sur-Reply and respond to arguments Ripple makes for the first time in its Sur-Reply.” Court Denies SEC’s Demand As described in the letter to Judge Torres, Ripple’s Sur-Reply argues that the court cannot consider the SEC’s public enforcement actions in the crypto ecosystem, which were filed before this lawsuit. According to the letter, on seventh February 2022, a New Hampshire district court granted the SEC’s motion for judgment on the pleadings and struck an affirmative defense similar to that of Ripple Labs, in a case specifically alleging unregistered offers and sales of digital assets. However, SEC’s demand to file sur-sur-reply, in a bid to strike out Ripple’s affirmative defense known as sur-reply, has been denied. https://timestabloid.com/another-win-for-xrp-judge-denies-secs-letter-to-strike-ripple-affirmative-defense/ Link to comment Share on other sites More sharing options...
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