• 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

Binance Reports Major Drop in Shiba Inu Holdings

chest

Binance's latest Proof of Reserves report reveals a drastic decrease in Shiba Inu (SHIB) holdings, with a drop of 11 trillion tokens in one month.

user avatarLucas Weissmann

Binance Reinforces Transparency with Ongoing Proof of Reserves Reports

chest

Binance reinforces transparency by regularly publishing Proof of Reserves reports, allowing users to verify asset backing and assess platform solvency.

user avatarFilippo Romano

Sonic Labs Faces Governance Challenges Following Board Resignations

chest

Sonic Labs is facing governance challenges following the resignations of key board members, with a focus on operational restructuring and the need for transparency from new leadership.

user avatarMaya Lundqvist

msUSD Stablecoin Faces Major Collapse

chest

The decentralized stablecoin msUSD, issued by the Main Street protocol, has lost its dollar peg due to market volatility and collateral imbalances, resulting in a reported 90% value loss.

user avatarEmily Carter

Andre Cronje Resigns from Sonic Labs Board Amid Governance Changes

chest

Prominent DeFi developer Andre Cronje has resigned from the board of Sonic Labs, raising governance questions.

user avatarKaterina Papadopoulou

Pudgy Penguins Trading Card Game Set to Hit Target Stores

chest

Pudgy Penguins is set to launch its trading card game in Target stores nationwide on June 20, 2026, aiming to bridge digital collectibles and physical products.

user avatarTomas Novak

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.