CandleFocus Ripple (XRP) News: SEC Files Opening Brief, Claims District Court Ruling Was Incorrect
2025-01-16
Author: Content Editor
The U.S. SEC has filed an appeal in its lawsuit against Ripple, seeking to classify XRP as a security. The SEC disagreed with the district court's ruling that certain XRP sales to retail investors did not violate securities laws. The appeal challenges the court's distinction between institutional and retail investors, arguing that all XRP sales should be considered unregistered securities. There are rumors that the Trump administration's SEC could revise its stance on crypto regulation, potentially leading to quicker settlements and a shift away from "regulation by enforcement." With a new administration incoming, more clarity and support for the crypto industry is expected.
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