Attention, crypto enthusiasts! đ
Ripple Labs has filed a notice of counterclaim in its legal battle with the SEC. In an October 10 filing, Ripple plans to take its case to the Second Circuit Court of Appeals. The dispute began in 2020 when the SEC alleged that the sale of XRP was an unregistered securities offering.
đ Key points:
- Ripple must pay $125M for violating securities laws.
- The SEC wanted $2B, Ripple argued no more than $10M.
- The SEC will not appeal the ruling that XRP is not a security.
What do you think about this legal battle? Leave us your comment!
