While the SEC may choose not to appeal the August 7 ruling, Ripple’s lawyers are asking for 111% of the judgment to be deposited into a bank account in order to obtain a stay of enforcement.
JinseFinanceRipple’s chief legal officer has welcomed a court ruling confirming that XRP is not a security, though Ripple will pay a $125 million fine related to historical sales. Ripple hopes to avoid further legal action as it focuses on business growth.
SanyaDouble blessings! SEC’s motion to file an interlocutory appeal against Ripple has been denied and the latter has achieved a significant milestone by obtaining a major payments institution license from the MAS.
KikyoLegal expert John Deaton suggests the SEC's challenge could be complex given the nuances of the Howey Test.
BeincryptoThe SEC has pledged to appeal the recent ruling that Ripple’s XRP sales didn't violate securities laws, claiming the judge erred.
BeincryptoSEC lawyers previewed a likely appeal to overturn portions of last week’s Ripple Labs in a separate enforcement case against TerraUSD and Luna creators Do Kwon and Terraform Labs.
TheBlockQuick Take The SEC Chair demurred on whether the commission would appeal a federal judge’s split decision in its case against Ripple Labs.
TheBlockAnalysts saw a federal judge’s split decision in the Securities and Exchange Commission’s case against Ripple as a ‘wake-up call’ for the SEC, though the decision could be reversed on appeal. The extent of the decision’s impact beyond Ripple’s case remains to be seen, as the judge declined to rule that some of Ripple’s sales of XRP violated securities law, though sales to institutional investors did.
TheBlockAccording to Marc Fagel, an SEC veteran and former Director, a ruling in the case between the SEC and Ripple might be coming in days.
cryptopotatoThe Securities and Exchange Commission (SEC) has been extensively criticized for its regulatory stance in the crypto sector.
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