The SEC has come under fire for failing to submit a crucial document in its ongoing legal battle with Ripple. The SEC still hasn't submitted the required Form C for its appeal to the Second Circuit Court of Appeals.
This form is critical as it outlines the specific issues the SEC challenges in the case. Its absence has caused delays and sparked confusion, with some questioning the regulator's approach.
Yesterday, the SEC filed a modest appeal against Judge Analisa Torres' decision, which favored Ripple by deciding that XRP is not a security. However, the omission of Form C has sparked widespread criticism of the SEC's efficiency and strategy in this high-stakes action.
Observers have voiced worry that the delay may indicate more profound difficulties inside the SEC's legal procedure, casting uncertainty on how the case would move.
The post "SEC Faces Scrutiny Over Missing Form in Ripple Lawsuit Appeal" first appeared on 36crypto.com News.
