The US Securities and Exchange Commission (SEC) has introduced a new angle to its ongoing legal battle with Binance by citing a recent decision from the Ripple class action lawsuit. The SEC has filed the Ripple case as supplementary authority in the District Court of Columbia, claiming that it is relevant to the arguments and judge’s ruling in the Binance complaint. This development comes as most discovery conflicts in the Binance litigation have already been resolved, and the case is awaiting a court decision on a joint motion to dismiss. Ripple Labs, Inc. won its case against the SEC when the majority of the plaintiff’s claims of securities violations were rejected, but the trial will still proceed despite Ripple CEO Brad Garlinghouse’s deceptive claims about XRP sales. The XRP community is in deep discussion after Judge Hamilton overturned the SDNY court’s conclusion that XRP programmatic sales are not securities. The SEC has also brought Garlinghouse’s purportedly deceptive remarks about XRP to notice. Meanwhile, the price of XRP is about $0.4853 at the moment of writing, down 0.87% over the last 24 hours, but it has increased by 1.22% throughout the last seven days, indicating a bullish trend.
