SEC Likely to Appeal Ripple Case Ruling

The US Securities and Exchange Commission (SEC) is expected to challenge the court's decision in the Ripple case. Federal Court Judge Analisa Torres ruled that XRP is only a security when sold to institutional investors. The SEC may appeal this ruling, which favored Ripple Labs. The SEC dropped claims against Ripple executives, sparking speculation about an appeal focused on programmatic sales. Legal experts, including XRP advocate John Deaton, believe an appeal would not be justified as the facts do not support it. The Howey Test criteria were crucial in Judge Torres's decision, emphasizing that XRP sales on exchanges did not meet the expectation of profits from the efforts of others. The XRP community awaits further updates as the deadline for an appeal approaches. XRP is currently trading at $0.59, showing a slight increase. BeInCrypto remains committed to unbiased reporting, urging readers to verify information independently. Read more AI-generated news on: https://app.chaingpt.org/news