CandleFocus Ripple escalates legal battle with SEC, filing new appeal in XRP lawsuit
2024-10-25
Author: Content Editor
Ripple is submitting a Form C civil appeal to counter the SEC's appeal and challenge the court's ruling on the classification of XRP. The appeal will focus on the court's ruling that Ripple's institutional sales were unregistered securities transactions. Ripple's executives, Brad Garlinghouse and Stuart Alderoty, are confident about winning the appeal and believe it will undermine the SEC's agenda on crypto regulation. They also criticized SEC chair Gary Gensler for introducing regulations late and Senator Elizabeth Warren for misrepresenting facts on cryptocurrencies.
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