Ripple submitted a new letter in the ongoing lawsuit with the SEC to support its motion for a summary judgment.

[Ripple submits new letter in ongoing lawsuit with SEC to support motion for declaratory judgment] Ripple Labs has submitted a supplemental letter to support its motion for a declaratory judgment in the lawsuit with the U.S. Securities and Exchange Commission (SEC). In the letter to U.S. District Judge Analisa Torres, Ripple further explains why the judge should grant the request for a declaratory judgment from both parties. This latest submission comes less than a week after the SEC and Ripple refiled their motion seeking Judge Torres’ declaratory judgment. It should be noted that both parties requested the judge to make a preliminary ruling to amend the final judgment, specifically including the lifting of the permanent injunction against Ripple’s future XRP sales and reducing the fine amount to $50 million. Although the judge initially rejected the request, the SEC and Ripple jointly refiled a motion for a declaratory ruling to meet the “special circumstances” standard. Ripple has now submitted a supplemental letter in support of the recently filed motion.