SEC's Appeal in Ripple Case: What to Expect?

user avatar

by Giorgi Kostiuk

2 years ago

The US Securities and Exchange Commission (SEC) is set to file its first brief in the Ripple lawsuit by January 15, 2025, following the court's ruling that XRP is not a security.

Current Situation with Ripple and the SEC

The SEC is appealing several aspects of the court's decision, including the classification of XRP sales conducted by Ripple on crypto exchanges and personal XRP sales by company executives Brad Garlinghouse and Chris Larsen.

SEC's Arguments and Stance

The SEC continues to insist that these transactions should be treated as unregistered securities offerings under the Securities Act of 1933.

Settlement Potential and Ripple's Future

Lawyers suggest a settlement may be coming soon, although Ripple has continued adjusting its business in line with Judge Torres’ decision, recently updating its XRP On-Demand Liquidity (ODL) transactions.

Despite the ongoing legal battle, Ripple’s future in the U.S. looks brighter thanks to new agreements and increased job presence in the country.

Tier I

Sector: #18291

Sealed Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SEC Prioritizes Tokenization in Fiscal 2027 Examination

The SEC has included tokenization among its examination priorities for fiscal 2027, focusing on the reliability of blockchain securities infrastructure.

user avatarElias Mukuru

Bitcoin Hashrate Surpasses One Zettahash

BlocksBridge reports that Bitcoin's seven-day hashrate has surpassed one zettahash per second for the week ending October 22, marking its highest level since March 3.

user avatarDiego Alvarez

Capital Research and Management Boosts Voting Stake in Metaplanet to 11.11%

Capital Research and Management has increased its voting stake in Metaplanet to 11.11% as of October 16, following a share buyback.

user avatarKenji Takahashi

Sygnum and Debifi Launch MultiSYG: A New Bitcoin-Backed Lending Service

Sygnum and Debifi have launched MultiSYG, a Bitcoin-backed lending service that enhances security and control over collateral through segregated multisignature wallets.

user avatarMaria Fernandez

Franklin Templeton Moves Closer to Launching Bitcoin ETFs

Franklin Templeton has filed for two ETFs that combine US stock portfolios with Bitcoin allocations, aiming to simplify investment management.

user avatarGustavo Mendoza

HSBC Launches RedCoin, a Hong Kong Dollar Stablecoin

HSBC has launched RedCoin, a Hong Kong dollar stablecoin, for over 33 million PayMe users, enabling transactions without a crypto exchange.

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.