On July 13, 2023, Ripple received a significant boost following a ruling by United States judge Analisa Torres, who determined that the company’s XRP token was not considered a security in its legal dispute with the Securities and Exchange Commission (SEC).
With the final verdict still pending and its potential impact on the broader cryptocurrency market, this case continues to draw substantial interest within the digital asset sphere.
It’s important to note that this ruling did not signify the case’s conclusion but instead set off a sequence of events involving both parties. In light of this, Finbold has compiled a list of three key events that have transpired since the initial ruling in this case.
#1. SEC’s interlocutory appeal
As anticipated, the SEC filed a motion, requesting the U.S. District Court in the Southern District of New York to certify for interlocutory appeal. The agency argued that the case was ‘wrongly decided.’ The SEC contended that opting for an inter
We współpracy z: https://finbold.com/ripple-v-sec-3-major-developments-since-positive-xrp-ruling/
