XRP's status remains unshakable, Ripple fights back strongly, and the SEC's appeal is difficult to shake the core ruling!
Ripple's Chief Legal Officer Stuart Alderoty reiterated: Even if the SEC appeals, the core ruling remains unshakable-XRP is not a security, and retail sales are still compliant. The SEC's appeal challenges part of the July 2023 ruling, but has limited impact on Ripple's overall victory.
Alderoty was blunt on the platform: "No surprise! The court's ruling that 'XRP is not a security' has not been appealed and remains a legal fact." The SEC's move has only further delayed the regulatory debate on the cryptocurrency market.
At the same time, Ripple has not stood idly by and is ready to submit a cross-appeal next week, targeting the SEC's allegations of institutional sales. This long legal battle will undoubtedly have a profound impact on the classification and regulatory landscape of future crypto assets. Both sides are engaged in a fierce game to reshape the rules of the cryptocurrency market.
Follow Lao Lin to see through the legal battle between the SEC and Ripple and grasp the core pulse of market dynamics! Every ending brings different exclusive thinking, and decodes the future of the crypto market with you!
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