“SEC Has Gone Too Far”: Ripple Hits Back At Regulator
Ripple executives Brad Garlinghouse and Chris Larsen recently denied all allegations levelled against them by the SEC, and requested the court to dismiss the complaint.In a response to an amended allegations report from the SEC, the two also tried to establish that the two primary statutes defining a “security” in the law did not include digital assets.
Ripple’s response also denied relief to the SEC regarding judgment or any other consolation. Garlinghouse and Larsen appealed to the court to dismiss the action and give judgment in favor of the accused.Interestingly, the response filed by Garlinghouse mentions that SEC is seeking after-the-fact litigation. It pointed out that the commission has failed to grab this case by deliberative guidance and rulemaking.
Source
https://t.me/Bitcoin_Crypto_Signals
