XRP Legal Battle Continues: SEC Drops Bombshell in New Letter to Appeal
The SEC has taken a pivotal step by finally pursuing an appeal in response to a consequential XRP ruling made by Judge Analisa Torres last month.
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The SEC has taken a pivotal step by finally pursuing an appeal in response to a consequential XRP ruling made by Judge Analisa Torres last month.
Ripple Labs CEO Brad Garlinghouse said Friday that the SEC has been a “bully.” The SEC has cracked down on the industry in a mission to protect investors, ramping up enforcement actions over the past year.
Attorney John Deaton, known for his pro-XRP stance, has disclosed that the SEC's Ethics Office did not approve William Hinman's controversial speech.
The ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market.
If the regulator is successful in this case, it might have very negative repercussions for XRP, its investors, and the cryptocurrency sector as a whole.
The Ripple vs SEC case continues to produce encouraging signs of a favorable end for Ripple which in turn would boost XRP price action.
XRP rallied 10% after the ruling was announced.
In the ongoing legal case between the SEC and Ripple Labs, the commission declared XRP as a security.
The U.S. Securities and Exchange Commission and Ripple Labs both filed motions for summary judgment.
As the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense.