In its legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple Labs yesterday filed a Letter of Supplemental Authority to further bolster its fair notice defense. As legal experts had already suspected, Bitcoinist reported, the letter refers to Judge Michael Wiles’ ruling in the Voyager bankruptcy case. In it, Judge Wiles rejected the SEC’s claim in surprisingly strong terms.
Another Argument In Favor Of Ripple
As Ripple’s legal team noted in its letter to Judge Torres, her colleague from the same circuit, Judge Wiles, issued a decision on March 11, 2023, further supporting Ripple’s fair notice defense.
The SEC objected to Binance.US’s plan to acquire Voyager on the grounds that the Voyager token (VGX) had “aspects of a security,” without specifying what those aspects were. The SEC also objected that Binance.US was an unregistered securities exchange, without explaining why the SEC took that…
