• 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

a year 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

Google's Gemini 3 Enhances AI Overviews for Better Search Quality

chest

Google's latest AI model, Gemini 3, enhances the quality and accuracy of search responses as the default engine for AI Overviews globally.

user avatarMiguel Rodriguez

Fusaka Upgrade Enhances Ethereum's Onchain Capacity

chest

The Fusaka upgrade has significantly improved Ethereum's data capacity and transaction processing capabilities.

user avatarElias Mukuru

Ether Price Faces 15.9% Correction, Liquidations Triggered

chest

Ether experienced a 15.9% price correction, leading to significant liquidations of bullish leveraged positions.

user avatarDiego Alvarez

Ethereum Records 164 Million Weekly Transactions Amid Scaling Improvements

chest

Ethereum's network activity remains strong with 164 million onchain transactions logged, while layer 2 networks see significant growth.

user avatarMohamed Farouk

GTreasury Unveils Ripple Treasury: A Game-Changer in Corporate Treasury Management

chest

GTreasury has launched Ripple Treasury, a groundbreaking platform designed to enhance corporate treasury management by addressing operational complexity and supporting product innovation.

user avatarKenji Takahashi

UK Government Partners with Meta to Enhance Public Services through AI

chest

The UK government collaborates with AI specialists and Meta to develop open-source tools aimed at improving public services and national security.

user avatarMaria Fernandez

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.