SEC’s Appeal Against Ripple Doesn’t Challenge Ripple Non-security Status

Todayq News · 2024-10-18T14:43:03.000Z

The appeal of the SEC mentioned accusations by saying that the officials didn’t comply with the securities laws by providing and selling XRP. Ripple is also looking ahead to file its own Form C in the upcoming week keeping the SEC’s filing in mind. In July 2023, Judge Analisa Torres has passed the judgment by supporting the view that XRP is not a security. In the recent appeal from SEC in a case against Ripple does not confront the decision of the court that XRP is not a security. On Wednesday, the United States Securities and Exchange Commission filed a Form C civil appeal in the court. The appeal comes with a controversial statement against specific areas that the judgment of the court has passed giving support to the accused in its XRP ruling. On Thursday, James Filan, the defense lawyer of Ripple, shared the appeal which requests the court to go through its judgment once again. The judgment was related to XRP sales on exchanges of Ripple along with individual XRP sales stemmed by the chief executive officer of Ripple as well as its co-founder. Ripple will file Form C The main lawyer of Ripple, Stuart Alderoty has mentioned the appeal of SEC over a social media platform X, and said that the Form C presented by SEC does not confront the decision that XRP is not a security. He further went on to say that the decision is due process of law and Ripple is also planning to file Form C by its side in the upcoming week. If we take a dive into the filing, we get to know that the appeal of the SEC mentioned accusations against the CEO as well as the co-founder of Ripple, by saying that the officials didn’t comply with the securities laws by providing and selling XRP. Also, the claim went on by adding that they helped and assisted the breach of Ripple of those supplies. The appeal shows an issue regarding the decision of the court that it has granted partial summary judgment giving support to the accused. The SEC has highlighted the point in its appeal that, “these matters are to be scrutinized de novo.” SEC can file its first brief The producer of Fox Business, Eleanor Terrett has shared the analysis of the appeal and commented that Ripple is looking ahead to file its own Form C in the upcoming week keeping the SEC’s filing in mind. The producer of the media outlet has also mentioned that Both litigants will conform with the briefing schedule and the Securities and Exchange Commission has 90 days in hand to file its first brief. He added that the attorney of Ripple anticipates the process to take complete 90 days. In this matter the main lawyer of Ripple has commented that the briefing process is expected to extend till July of the next year. In July 2023, Judge Analisa Torres has passed the judgment by supporting the view that XRP is not a security.

SEC 的上诉书中提到了指控，称官员提供和出售 XRP 的行为并未遵守证券法。
考虑到美国证券交易委员会 (SEC) 的文件，Ripple 还计划在下周提交自己的 C 表。
2023 年 7 月，法官 Analisa Torres 作出判决，支持 XRP 不是证券的观点。
在最近美国证券交易委员会针对Ripple的案件中，上诉方并未对抗法院关于XRP不是证券的裁决。周三，美国证券交易委员会向法院提起了C表民事上诉。
上诉附带了针对法院判决已通过的特定领域的有争议的声明，支持了被告的 XRP 裁决。 
周四，Ripple的辩护律师James Filan分享了上诉书，要求法院再次进行判决。该判决涉及 Ripple 交易所的 XRP 销售以及 Ripple 执行长及其联合创始人发起的个人 XRP 销售。 
Ripple 将提交 Form C
Ripple的主要律师Stuart Alderoty提到了SEC对社群媒体平台X的上诉，并表示SEC提交的Form C并不反对XRP不是证券的决定。 
他进一步表示，该决定是正当法律程序，Ripple 还计划在下周提交 C 表格。 
如果我们深入研究该文件，我们会发现 SEC 的上诉提到了对 Ripple 执行长和联合创始人的指控，称这些官员没有遵守证券法，并提供和出售瑞波币。此外，声明还补充说，他们帮助并协助了 Ripple 破坏这些供应。 
上诉显示法院所做的部分简易判决支持被告的决定有问题。  美国证券交易委员会在其上诉中强调了这一点：“这些问题应该重新审查。”
SEC 可以提交第一份简报 
福克斯商业频道的制片人 Eleanor Terrett 分享了对上诉的分析，并评论说 Ripple 预计在下周提交自己的 C 表格，同时牢记 SEC 的文件。 
媒体制作人也提到，双方当事人都将遵守简报时间表，美国证券交易委员会有 90 天的时间提交第一份简报。他补充说，Ripple 的律师预计该过程需要 90 天完成。
对此，Ripple的主要律师表示，通报过程预计将延续至明年7月。 2023 年 7 月，法官 Analisa Torres 通过了判决，支持 XRP 不是证券的观点。 

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