The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling.
SEC Files Final Brief As Decision Day Looms For Ripple
Pro-XRP lawyer Bill Morgan provided a comprehensive breakdown of the SEC’s final brief via X, highlighting the nuances of the legal arguments and the potential ramifications for Ripple and its operations. One of the main points of contention remains the issue of financial harm to institutional buyers of XRP.
The SEC maintains that financial harm should include not only direct losses but also missed opportunities for greater profits due to less favorable terms in the purchase of XRP. Morgan noted, “The SEC reply brief does not add anything new to the argument about financial harm.” He added skepticism about the likelihood o
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