Ripple’s lawyer reassured the community that the SEC won’t challenge XRP’s core non-security status on appeal.
The SEC’s appeal will likely focus on Ripple’s institutional XRP sales, not XRP’s overall status.
Obiter dictum comments aren’t binding but could be referenced in the SEC’s future legal arguments.
Pro-XRP lawyer Bill Morgan has addressed concerns about the SEC potentially using obiter dictum to challenge XRP’s non-security status. He assured the community that while obiter isn’t set in stone on appeal, the SEC has signaled its focus remains on Ripple’s institutional sales, not XRP’s core status.
Ripple vs. SEC: Legal Battle and Potential Appeal Strategy
Morgan’s comments come in the wake of the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Ripple’s legal team has dispelled speculation on the SEC’s potential appeal strategy to rely on obiter dictum—legal comments not central to the court’s ruling. These have sparked concerns that the regulator may attempt to challenge the status of XRP as a non-security on appeal.
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