In this episode, John Deaton offers a comprehensive explanation of why Ripple's fair notice defense in the lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) is not just about one company or one cryptocurrency -- it's about the entire crypto space.
John explains the key legal questions and principles at stake which every digital asset adopter should be watching as the U.S. District Court for the Southern District of New York decides whether the fair notice defense will be allowed in the case and if the SEC did in fact provide fair notice to the markets that XRP has been a security since 2013.
All content, including text, graphics, images and information, in this video is for informational purposes only and not intended or implied to be a substitute for professional financial, investment or legal advice of any kind. You should consult a financial expert or lawyer for advice and take no action or decide not to act in reliance on the content of this video.
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Source Documents Discussed in this Episode:
Ripple Labs Answer to Plaintiff’s First Amended Complaint available here: https://ripple.com/wp-content/uploads/2021/03/51-Answer-of-Def.-Ripple-Labs-Inc.-to-Pls.-FAC.pdf
Proposed Intervenor-Defendants’ Answer to Plaintiff’s First Amended Complaint (Motion to Intervene Exhibit A):
https://www.crypto-law.us/wpcontent/uploads/2021/04/210419_PropIntervenorDefendsAnswToPlaint-1st-Amm-Complaint.pdf
Bailard, Inc. Code of Ethics: https://www.sec.gov/Archives/edgar/data/1048702/000119312520041614/d880706dex9928p9.htm
‘SEC and FinCEN Sign Information Sharing Agreement’: https://www.fincen.gov/sites/default/files/news_release/20061221.pdf
‘FinCEN Fines Ripple Labs Inc. in First Civil Enforcement Action Against a Virtual Currency Exchanger’: https://www.fincen.gov/sites/default/files/2016-08/20150505.pdf
U.S. Department of Justice and Ripple Labs’ Settlement Agreement (including Attachments A-C):
https://www.justice.gov/usao-ndca/file/765721/download
Transcript of April 6, 2021 Hearing with Magistrate Netburn:
https://www.crypto-law.us/wp-content/uploads/2021/04/210406_HearingTranscript_Apr6_2021_2pm_20Civ10832.pdf
‘Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple’: https://www.coindesk.com/coinbase-suspends-xrp-trading
Coinbase Official Website: https://www.coinbase.com/international
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