In a significant development in the legal battle between the SEC and Ripple Labs, the SEC has responded assertively to Ripple's (CRYPTO:XRP) recent legal maneuvers.

Filed on July 3, 2024, the SEC's document challenges Ripple's reliance on a Binance ruling, criticising Ripple's interpretation as irrelevant and misapplied to their case.

Jorge Tenreiro, author of the SEC's filing, refutes Ripple's argument of lacking reckless disregard for the law by highlighting key excerpts from the Binance ruling that affirm the SEC's stance.

The SEC emphasises that Ripple had clear notice of regulatory implications, contradicting Ripple's claims of regulatory uncertainty.

This ongoing case carries implications beyond Ripple, shaping regulatory expectations in the broader crypto industry.