đš Ripple vs. SEC: The Battle Continues! đš
- Ripple Labs is gearing up to fight the SEC's appeal on the court ruling that XRP sales to retail investors are not securities.
- CEO Brad Garlinghouse vows to uphold XRPâs non-security status, calling the SEC's appeal "misguided and infuriating."
- The SEC's appeal follows a July ruling by Judge Torres that XRP doesn't qualify as a security under the Howey test.
- Ripple's institutional sales did violate securities laws, leading to a reduced $125M penalty.
- Legal experts predict a lengthy process, with a final ruling expected around 2026.
đŹ What are your thoughts on this ongoing legal saga? Share in the comments!
