SEC Appeals XRP Ruling, But Not Its Non-Security Status

  • The SEC has filed File C, challenging rulings that cleared Ripple executives and non-cash XRP distributions.

  • Stuart Alderoty states that the SEC hasn’t appealed the court’s decision on XRP’s non-security status.

  • The SEC missed its deadline, drawing criticism from industry experts and community members.

The Securities and Exchange Commission (SEC) has filed a late appeal against the XRP ruling. 

Despite the delay, the SEC submitted Form C to the U.S. Court of Appeals for the Second Circuit on Thursday. The regulator is partly challenging the court decision, appealing the rulings that cleared Ripple executives and non-cash XRP distributions. Ripple’s Chief Legal Officer Stuart Alderoty highlighted that the SEC has not appealed the court’s decision on XRP’s non-security status.

No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land.

Stay tuned for Ripple’s Form C to be filed next week. https://t.co/m9molUGSBv

— Stuart Alderoty (@s_alderoty) October 18, 2024

The SEC filed an appeal to Judge Analisa Torres’ judgment in th…

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