CandleFocus SEC Expected to Appeal Ripple XRP Sales Ruling Amid Legal Expert Doubts
2024-09-27
Author: Content Editor
The U.S. Securities and Exchange Commission (SEC) has until October 7 to appeal the recent ruling on Ripple's sales of XRP. Former SEC attorneys believe an appeal is highly probable, as the SEC argues that the sales did not comply with securities laws. Legal experts suggest that the "common enterprise" component of the Howey Test is crucial in determining if XRP qualifies as a security. Ripple, meanwhile, is moving forward with new ventures, such as the RLUSD stablecoin and improvements to the XRP Ledger, using the court's verdict as a foundation. Critics question the SEC's regulatory priorities and argue that the outcome of the litigation will influence future regulatory actions in the cryptocurrency industry. As the deadline approaches, the crypto world awaits the SEC's decision, while Ripple is focused on growth and innovation. The outcome of the case will impact the future of Ripple, XRP, and the treatment of digital assets under U.S. securities laws.
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