• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple’s Lawyer Assures: SEC Won’t Challenge XRP’s Core Non-Security Status

user avatar

by Giorgi Kostiuk

2 years ago

  1. Community Concerns
  2. Ripple vs. SEC Legal Battle
  3. SEC Potential Appeal Strategy


    4. Ripple’s lawyer reassured the community that the SEC won’t challenge XRP’s core non-security status at the first instance.

    Community Concerns

    Pro-XRP lawyer Bill Morgan addressed concerns about the SEC potentially using obiter dictum to challenge XRP’s status. He assured that while obiter isn’t final on appeal, the SEC has indicated its focus remains on Ripple’s institutional sales, not XRP’s core status.

    Ripple vs. SEC Legal Battle

    Morgan’s comments came amid the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Ripple’s legal team dispelled speculation about the SEC’s appeal strategy to rely on obiter dictum—legal comments not central to the court’s ruling.

    SEC Potential Appeal Strategy

    These speculations sparked concerns that the regulator may attempt to challenge the status of XRP as a non-security on appeal. However, the Ripple lawyer reassured the community, stating the SEC’s primary focus on appeal will be on institutional sales by Ripple.

    In conclusion, Ripple’s lawyer reassured the community that the SEC’s focus in the appeal will be on Ripple’s institutional sales, not XRP’s status.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Whales and Corporations Resume Aggressive Bitcoin Accumulation

chest

Whales and corporate investors are increasing their Bitcoin holdings, signaling a potential market rebound.

user avatarKofi Adjeman

Charles Hoskinson Discusses Midnight's Future in Recent Livestream

chest

Charles Hoskinson discusses the future of Midnight, a privacy-focused network in the Cardano ecosystem, highlighting its liquidity, mainnet launch, and upcoming developments.

user avatarTando Nkube

Maine Legislature Passes Historic Moratorium on AI Data Centers

chest

Maine has made history by becoming the first state to pass a temporary moratorium on large AI data centers.

user avatarNguyen Van Long

Anthropic Implements ID Verification for Claude Users

chest

Anthropic has implemented identity verification requirements for users of its AI model, Claude, mandating government-issued photo IDs and live selfies for certain functionalities.

user avatarSatoshi Nakamura

Kevin Warsh's Financial Disclosure Raises Questions Amid Fed Nomination

chest

Kevin Warsh, nominated by US President Donald Trump to replace Jerome Powell as Federal Reserve Chair, filed a financial disclosure revealing over $100 million in investments in crypto and AI companies, raising concerns about potential conflicts of interest.

user avatarJesper Sørensen

Regulatory Bodies in American Finance Operating with Limited Staff

chest

The SEC and CFTC are currently operating with minimal personnel, which may impact the regulatory landscape for digital assets.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.