The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared Ripple executives and non-cash XRP distributions. The outcome could have a…
October 6, 2024 at 11:20 AM GST updated: October 6, 2024 at 12:59 AM 2 mins read News SEC appeals a favorable ruling for Ripple, intensifying the legal battle. Speculations about a potential settlement create uncertainty within the crypto community. The case will likely reshape cryptocurrency regulation, impacting XRP and future legal precedents. The legal…
September 5, 2024 at 10:09 PM GST 2 mins read News Ripple may retain the legal victory until 2026 which may offer some certainty for the organization and its clients. The potential appeal of the SEC is considered less dangerous, and Ripple currently has a court decision to shield it. Future federal legislation can also…