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Ripple Says Recent Supreme Court Ruling Weighs in Its Favor in SEC Case

Ripple Labs Inc said in court papers Friday that a recent U.S. Supreme Court decision supports one of its key defenses in the U.S. Securities and Exchange Commission's case over the cryptocurrency XRP.

The San Francisco-based blockchain payments company said the ruling on Tuesday limiting the government's ability to levy penalties on U.S. taxpayers who fail to report foreign bank accounts emphasized that federal laws must give "fair warning" of what they prohibit.

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