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Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) continues to make headlines as a crucial ruling is expected soon. Ripple’s chief legal officer, Stuart Alderoty, pointed out ongoing confusion around the SEC’s stance on cryptocurrency regulations.
In an X post, Alderoty emphasized that while Ripple’s case is nearing its end, the SEC’s unclear messaging still raises issues for other companies. Specifically, he highlighted the SEC’s use of the 2017 DAO report, which has left many questioning the clarity of its regulations seven years later.
Ripple's case is over, but the 'fair notice' defense is still alive for others. The SEC cites the 2017 DAO report as industry notice that 'crypto asset securities' are subject to US securities laws. Seven years later, the SEC apologizes to a federal judge—surely a person of at… pic.twitter.…
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