.SECGov has cited a verdict in the SEC v. Fife case to strike Ripple's key fair notice defense
case, in which the Northern District of Illinois court delivered a blow to defendant John M. Fife by granting the SEC's motion to strike his"fair notice" defense.
The court has rejected the defendants' argument about how the SEC was supposed to warn them about the novel interpretation of the term"dealer."Former SEC Boss Jay Clayton Comments on Ripple Lawsuit
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