In a Foresight News report, Ripple's Chief Legal Officer Stuart Alderoty stated that 'Ripple's case has ended, but the defense of 'Fair Notice' remains valid for others. The U.S. Securities and Exchange Commission (SEC) had previously cited the 2017 DAO report in an attempt to prove that it had given early notice to the industry that 'cryptocurrency securities' need to comply with U.S. securities laws. Seven years later, the SEC apologized to a federal judge (presumably a person of at least ordinary intelligence) for causing confusion by using inherently ambiguous terms.

According to Foresight News, Ripple's Chief Legal Officer Stuart Alderoty stated that 'Ripple's case has concluded, but the defense of 'Fair Notice' remains relevant for others. The U.S. Securities and Exchange Commission (SEC) previously referenced the 2017 DAO report in an attempt to demonstrate that it provided industry notice in advance, stating that 'crypto asset securities' need to comply with U.S. securities laws. Seven years later, the SEC apologized to a federal judge (presumably someone with at least average intelligence) for causing confusion by using inherently ambiguous terms.

Ripple Chief Legal Officer: SEC Acknowledges Ambiguity of 'Cryptocurrency Securities' Terminology, 'Fair Notice' Defense Remains Valid