Surprising objection from SEC: They accepted the XRP decision

During the discussions of whether the SEC missed the objection period, a last minute move came from the institution last night. The SEC stated that the court requested a change regarding the "summary decision" made last year. In the petition, it drew attention that there was no objection to the decision that the sale of XRP to small investors was not a security.

The US Securities and Exchange Commission (SEC), TSI, submitted its official objection to the Ripple and XRP decision of judge Analisa Torres last night. However, the objection, also known as the C File, did not include the sale of XRP to a small investor in the stock exchanges.

It was considered a victory

As it will be remembered, Judge Torres stated in his decision in July last year that the sales of XRP to small investors in the stock exchanges did not enter the status of securities, but the similar sales to institutional companies fell into this status. The decision was perceived as "Ripple's victory" in the crypto world.

“The decision was officially recognized”

It was considered certain that the SEC would object to the small investor's XRP decision, which was sold on exchanges, but this did not happen.

Ripple legal counsel Stuart Alderoty tweeted, “There are no surprises. The court's decision that 'XRP is not a security' was objected to. Thus, the decision was officially recognized. Wait for our objection," he said.

So what and which decisions did the SEC object to? According to the petition; It is claimed that Ripple's company sales on the stock exchanges and the personal sales of managers Brad Garlinghouse and Chris Larsen are securities. In the objection petition, it is stated that the court's decision in the opposite direction should be changed.

The company was fined $125 million for Ripple's decision to violate securities laws.