Ripple Labs has filed an appeal in its ongoing legal case with the SEC, challenging a decision that classifies some XRP sales as unregistered securities. The appeal could impact how digital assets are regulated in the U.S.
Ripple’s Arguments Against SEC’s Ruling
Ripple’s appeal contests the SEC’s claim that XRP sales violated securities laws. Ripple argues that the court misinterpreted key securities definitions. The company’s legal team believes that the SEC failed to provide clear guidance on how its rules apply to XRP and other digital assets.SEC’s Ongoing Case Against Ripple
The SEC has also appealed, challenging parts of the court’s previous ruling that XRP sales to retail investors are not securities. Ripple’s Chief Legal Officer, Stuart Alderoty, remains confident, saying Ripple’s legal record strongly supports their case. The appeals process will continue into next year, potentially setting new standards for crypto regulations.
Read the full article on
decrypt.
