1. The SEC has submitted an unexpected objection in its ongoing battle with Ripple, but it’s focused on institutional transactions, not retail sales.
2. The SEC’s objection came in response to a court request for further clarification on the previous ruling.
3. In a surprising move, the SEC did not challenge the decision that XRP sold to retail investors is not a security, marking a major victory for Ripple.
4. However, the SEC is doubling down on Ripple’s institutional sales, arguing they should be classified as securities.
5. The SEC is also targeting executive transactions by Ripple's top executives, Brad Garlinghouse and Chris Larsen.
6. In July, Judge Analisa Torres ruled that XRP’s retail sales are not securities, but Ripple’s institutional sales were classified as securities, leading to a mixed verdict.
7. Ripple’s lawyer, Stuart Alderoty, stated there were "no surprises" in the SEC’s objection and that Ripple is prepared for the next steps.
8. Ripple has already paid a $125 million fine over its institutional sales, but the SEC’s continued objection keeps the legal battle ongoing.
9. The case is expected to shape future U.S. crypto regulations, especially in terms of institutional transactions and securities classification.
10. The final outcome of the case remains uncertain, and further developments are anticipated to influence the broader crypto landscape.
#Therapydogcoin #UptoberBTC70K? #SCRSpotTradingOnBinance #APESurge #USRetailSalesBoost