XRP News Today: XRP Gains as Ripple Ends Appeal—ETF Hopes Ride on SEC’s Next Move
“With the new, ‘pro-crypto’ SEC, presumably Ripple has been more transparent with institutional (lowercase “i”) sales and SEC is comfortable/provided guidance on those to state what is acceptable to the SEC either with or without registration statements.”
The bigger question would be whether a change in US administration and SEC Chair could affect the agency’s stance on Ripple’s activities at a later date. The SEC did not accuse Ripple of breaching Section 5 of the US Securities Act in post-2018 activities. This suggests Ripple’s current approach to institutional sales meets regulatory requirements. In other words, a non-issue despite Ripple wanting the injunction lifted.
Ripple’s cross-appeal has challenged Judge…
