Is Ripple's Challenge to the SEC's Appeal in XRP Security Case a Turning Point in the Legal Battle? 🧐
In a legal showdown, Ripple's lawyers contest the SEC's #appeal , alleging it stems from mere "dissatisfaction" with a previous ruling that XRP isn't a security.
They argue that the #SEC hasn't met the criteria for an appeal and call for the judge to deny it. The SEC had sought an appeal and stay after a July ruling favored Ripple, claiming "differences of opinion" on the law.
Ripple's lawsuit against the SEC, initiated in 2020, led to #XRP delistings by exchanges. The crypto community's frustration with the SEC's approach to regulation is evident, and the legal battle continues, with a potential jury trial in 2024.
