In the “Fife” case, the Defendant tried to argue “Fair Notice” in order to dismiss the lawsuit entirely (and failed) because the burden is very high on a party moving to strike a pleading.

“Indeed, Fife rejected the defendants’ “fair notice” defense at the motion to dismiss stage despite acknowledging the lack of “binding authority” construing the term “dealer.””

XRP Lawsuit: Ripple Rejects SEC Analogy As Fight Over Fair Notice

SEC Bolsters Its Case Against Ripple's Key Defense

Ripple responds to SEC motion to strike fair notice defense - Forkast

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SEC points at “Fife” case to strike Ripple’s fair notice defense

XRP Lawsuit: Can SEC strike Ripple’s Fair Notice defense

The agency cites a Dec. 20 verdict in the SEC v. Fife case, in which the Northern District of Illinois court delivered a blow to defendant John M. Fife by granting the

XRP Lawsuit: Ripple and SEC lock horns over fair notice

SEC v. Fife, No. 20-cv-5227, 2025 WL (N.D. Ill. Dec. 20. 2025). Fife does not support the SEC’s motion to strike Ripple’s affirmative defense that it lacked adequate notice that XRP

Ripple faces new challenge from SEC over fair notice on XRP

XRP Lawsuit: Can SEC strike Ripple’s Fair Notice

Last week, the SEC made a motion to strike Ripple’s fair notice defense citing the Fife case, in which a federal court on Dec. 22 sided with the SEC and dismissed a

The latest development in the lawsuit saw the SEC file a Letter of Supplemental Authority supporting its Motion to Strike Ripple’s Fair Notice Defense. The

Ripple has replied to the SEC’s letter of supplemental authority as part of the agency’s motion to strike the fair notice defense. The plaintiff notified the Court of the out-of