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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

chest

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

user avatarRajesh Kumar

ECB Executive Addresses Privacy Concerns of Digital Euro

chest

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

user avatarLucas Weissmann

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

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.