Table of Contents
SEC ReAppeal Against Ripple
XRP’s Legal Status Remains Unchallenged
SEC ReAppeal Against Ripple
Recently, the SEC filed an appeal, challenging Judge Analisa Torres’s ruling that XRP sales on exchanges do not qualify as investment contracts. The SEC also seeks to revive charges against Ripple executives Chris Larsen and Brad Garlinghouse.
This move has sparked concerns among investors who are worried about the potential impact on XRP.The SEC is still appealing against Ripple after a court said earlier this year that XRP is not a security. This was a big win for Ripple and XRP holders because it means XRP can stay on exchanges without new rules from the SEC.
Recently, the SEC filed an appeal to question parts of that decision. They missed the deadline for this appeal, which worried many in the crypto world. In a surprise, the SEC got an extra two days to submit their appeal, making XRP supporters even more frustrated.
XRP’s Legal Status Remains Unchallenged
It is important to note that the SEC’s appeal does not contest the court’s decision that XRP is not a security. This means exchanges can continue listing XRP without regulatory concerns.
Ripple’s Chief Legal Officer, Stuart Alderoty, assures that the court's ruling—that XRP is not a security—remains valid. This keeps XRP in a favorable position in the market, free from immediate regulatory threats.
