Ripple’s (XRP) legal officer counters SEC using 77-year-old case

The protracted legal dispute between Ripple, the blockchain technology company, and the Securities Exchange Commission (SEC) continues to evolve, with both parties identifying potential weaknesses in their adversary’s case. Stuart Alderoty, Ripple’s Chief Legal Officer, took a shot at the SEC’s argument regarding the “common enterprise” notion in a tweet on May 13.