Ripple won the fair notification defense. CEO Garlinghouse described the development as a “great success”.
Blockchain giant Ripple seems to have another success against the US Securities and Exchange Commission. As it is known, Ripple was saying that the SEC did not give sufficient notice to consider XRP as a security. While the SEC tries to circumvent Ripple’s “fair notice” defense; Judge Analisa Torres rejected the SEC’s motion to block Ripple from using the “Fair Notice Defense”. The news was also shared by the famous lawyer James K. Filan, who closely follows the case updates.
Garlinghouse: A Great Success
Ripple CEO Garlinghouse also reported on Twitter shared on his account. Garlinghouse described the development as a “great success” in a statement on the subject.
XRP Up 15%
XRP up 15% after development lived. It rose from the $0.72 level it traded to the $0.84 level. XRP is trading at $0.79 at the time of publication.
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