CandleFocus US SEC Officially Appeals Ripple Ruling Over , $XRP Dips
2024-10-18
Author: Content Editor
The U.S. Securities and Exchange Commission (SEC) has appealed the ruling in its case against Ripple over XRP. The SEC challenges the court's conclusion that XRP sales on digital asset platforms were not unregistered securities, as well as the ruling that personal sales by Ripple's executives did not violate securities laws. The official filing has raised questions about whether the SEC missed the deadline for appealing the ruling. Ripple's Chief Legal Officer announced that the company plans to file a response next week. The market value of XRP dipped slightly by 0.34% after the news.
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