Ripple Execs Strikes SEC With Cross-Appeal, Pledge to ‘Leave Nothing on the Table’
CCN2024/10/11 22:33
By:CCN
Key Takeaways
- Ripple has filed a cross-appeal against the SEC’s decision to appeal the initial ruling in its favor.
- The SEC’s appeal seeks to overturn the ruling that programmatic XRP sales to retail investors were not securities violations.
- Ripple’s cross-appeal aims to address all aspects of the case and ensure a definitive resolution.
Ripple Labs has ramped up its legal fight with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal with the Second Circuit Court of Appeals.
By pushing back, Ripple is looking to resolve any lingering legal issues as it takes on the SEC’s regulation-by-enforcement approach.
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