CandleFocus

Pro-XRP Lawyer Reveals Ripple's Masterstroke in Cross Appeal

Ripple's lawyer, Fred Rispoli, has outlined the company's strategy for its ongoing legal battle with the SEC. He mentioned the potential use of state-level securities laws, known as blue sky laws, as a critical component in Ripple's counter-appeal. These laws protect investors from fraudulent practices and unregistered securities sales, and their invocation could complicate the SEC's arguments. Ripple's CEO, Brad Garlinghouse, reiterated XRP's non-security status and criticized the SEC's handling of the case. The SEC has appealed a federal judge's ruling that stated Ripple's programmatic sales of XRP to retail investors did not violate federal securities laws.

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