The U.S. Securities and Exchange Commission (SEC) has appealed a court decision in its case against Ripple Labs, disputing a ruling that XRP, Ripple’s cryptocurrency, is not classified as a security when sold to the public. The SEC’s appeal challenges the court’s interpretation, which differentiated between institutional sales (considered securities) and retail sales. This ongoing legal battle is pivotal for the broader crypto industry, as its outcome may influence future regulations around digital assets. The appeal is expected to extend the legal process.
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XRP
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