CandleFocus XRP's Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike
2024-10-20
Author: Content Editor
The legal chief of Ripple has stated that the core ruling which declared XRP not a security remains unchanged despite the appeal by the SEC. Ripple plans to file a cross-appeal as both parties prepare for a lengthy legal battle that could impact cryptocurrency regulations. The SEC's appeal challenges multiple aspects of the July 2023 ruling, including the classification of XRP sales as securities. Ripple's legal officer expects the company to file a cross-appeal next week to challenge the ruling on institutional sales. The outcome of this legal battle could have significant implications for the classification and regulation of digital assets.
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