The SEC submits final response in the relief phase of the Ripple case

ChainCatcher news, according to Cointelegraph, Ripple Labs and the U.S. SEC have made new progress in their legal battle, with the SEC submitting its final reply in the remedies phase of the lawsuit.

In a recent response to the remedies brief, the SEC questioned Ripple's claim that the blockchain startup's actions were not reckless, despite the court previously dismissing this "fair notice" defense, arguing that Ripple's legal status should not be subject to "widespread uncertainty."

Additionally, the SEC maintained its original position on whether Ripple might take similar actions in the future, even though Ripple has not violated any rules since the XRP lawsuit began in 2020.

According to the remedies brief, Ripple attempted to downplay its liability while emphasizing its cooperative efforts with the SEC since the XRP ICO in 2013. However, the SEC stressed that under the law, even if Ripple has had no violations since 2020, the possibility of future violations remains.