According to Foresight News, Ripple’s chief legal officer Stuart Alderoty said that Ripple’s case is over, but the “fair notice” defense remains valid for others.
The U.S. Securities and Exchange Commission (SEC) has cited the 2017 DAO report in an attempt to demonstrate that it gave the industry advance notice that “crypto-asset securities” would need to comply with U.S. securities laws.
Seven years later, the SEC apologized to a federal judge for causing confusion by using essentially unclear terminology.
