$XRP ⚖️SEC surprise move: Ripple case takes a new turn! 🚀
⚖️SEC surprise move: Ripple case takes a new turn! 🚀
The crypto world was shocked by an unexpected turn in the battle between Ripple and the SEC. The U.S. Securities and Exchange Commission (SEC) just filed an objection—but it wasn’t what most people expected! Instead of challenging the court’s ruling on retail XRP sales, the SEC focused on Ripple’s institutional trading and personal sales by senior executives.
🔍 Key highlights of the SEC’s objection
1️⃣ Court request triggers new objection:
The SEC explained that the court requested further clarification on last year’s summary judgment.
2️⃣ Retail XRP sales unchallenged:
To everyone’s surprise, the SEC accepted the ruling that XRP sold to retail investors were not securities. This gave Ripple a major win on the retail side.