The most widespread news about the crypto lawsuit involving the United States Securities and Exchange Commission (SEC) and Ripple is approaching its conclusion after a two-year-long battle. A few days back, Ripple and SEC both filed redacted replies to each other's opposition to motions for summary judgment.

Ripple and SEC's two-year-long battle soon will find its ending as Ripple presented its argument in the motion document that the SEC is still unable to prove that it's offering of XRP between 2013 and 2020 was an offer or sale of an "investment contract" and therefore a security under federal security laws. Ripple has filled its final submission with a document mentioning that "the court should grant Defendant's Motion and should deny the SEC's Motion." Stuart Alderoty, general counsel of Ripple, commented on Twitter on December 3 that this is Ripple's "final submission," and requested the court to "grant" judgment in its favor. Stuart Alderoty also said that Ripple is proud of the defense it has mounted on "behalf of the entire crypto industry," noting that Ripple has "always played it straight with the court," taking a subtle swing at the SEC saying he "can't say the same for our adversary." 

In another Twitter post, Alderoty continued to slam the SEC on Dec. 5 and referred to it as a "bouncing regulator," quoting two statements that he suggests are at ends with each other. The ongoing legal dispute between Ripple and SEC started in December 2020 when the SEC initiated legal action against Ripple, claiming it had raised US$1.3 billion by offering Ripple's native cryptocurrency XRP as unregistered securities. 

In an earlier Nov. 30 Twitter thread, former federal prosecutor James Filan commented that there are only three issues left to resolve in the SEC vs. Ripple case. This includes the summary judgment motions, expert challenges, and sealing issues regarding the "expert reports," the Hinman documents, and other material relied on by the SEC and Ripple in their motions.