SEC Appeals XRP Ruling: Latest Chapter in Landmark Crypto Case
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed a last-minute appeal in its ongoing legal battle with Ripple Labs, sending ripples through the digital asset market. The appeal, filed Thursday in the U.S. Court of Appeals for the Second Circuit, marks the latest chapter in this landmark case that has captured the attention of the crypto community.
Notably, the SEC is not contesting Judge Analisa Torres’ crucial July 2023 ruling that XRP sales to retail investors on digital platforms don’t constitute securities. Instead, the regulator is challenging other key aspects of the decision, including the court’s findings on Ripple’s offers and sales of XRP on…
