In the case that lasted more than 3.5 years between Ripple and the SEC, the SEC presented its last general evaluation of Ripple to the court. After the final stage of the case, called the "legal solution process", the court will determine the sanctions that can be imposed against Ripple.

SEC: "They Continue Despite Fair Disclosure Defense"

In its evaluation, the SEC also touched upon the defense of lack of fair notice that Ripple has relied on for a long time. He claimed that although the court had previously rejected this defense, Ripple still remained uncertain about what status XRP would be evaluated in. The SEC stated that this defense was not correct and objected to it.

The SEC argued that Ripple was selling XRP unregistered and alleged that the company had grossly violated its responsibilities since its initial token offering in 2013.

Additionally, the SEC claimed that Ripple wants to issue a new unregistered token and said, "The company wants to issue another unregistered crypto asset like XRP." This token may be a stable coin that Ripple has previously announced but whose details have not yet been disclosed. In this case, it seems likely that this coin will be subject to review by the SEC if it is released.

However, since the case has not yet been concluded, many information and details in the SEC's response were censored by the institution and not made public.

Courts Aim to Produce Legal Solutions

Courts seek to provide compensation or other legal remedies to the plaintiff (here SEC) during the resolution process. At this stage, the court decides what kind of sanctions to impose against the defendant (here Ripple) to compensate the plaintiff for the damage he suffered and recover the unfair gain. However, it is possible that no decision will be made at this stage.

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