Latest Filing Puts Regulator In Hot Seat With Crypto Firm On The Offensive
Ripple Labs has moved to challenge the SEC in the US Court of Appeals for the Second Circuit, filing a Form C cross-appeal to contest key aspects of the SEC lawsuit. This filing not only contests a previous ruling that classified certain XRP transactions to institutional investors as securities but also responds directly to the SEC’s October 16 appeal that questioned a favorable district court ruling for Ripple earlier this year.
Ripple’s Legal Rebuttal Through Form C Filing
Ripple’s filing of a Form C cross-appeal has sparked interest within both the legal and cryptocurrency communities, with Ripple Chief Legal Officer Stuart Alderoty confirming the move in a post on X. According to him, the lawsuit will not come with…
