CoinVoice has recently learned that according to Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty recently stated in the U.S. SEC's formal appeal of the Ripple case that the ruling confirming that XRP is not a retail sales security remains unchanged.
âThis is not surprising at all â once again, everything is crystal clear. The courtâs ruling that âXRP is not a securityâ is not being appealed. This decision is the law of the land,â he wrote on X. In its appeal, the SEC challenged several key rulings, including the decision that the cashless distribution and sales of XRP by Ripple executives Brad Garlinghouse and Chris Larsen did not violate securities laws.
Ripple plans to file its own Form C next week as a cross-appeal against the institutional sales ruling. Both sides are preparing for an extended appeal process that could affect how digital assets are classified and regulated in the future. [Original link]
