Ripple scored a landmark court victory against the US Securities and Exchange Commission (SEC) in mid-July, which resulted in an overall revival of XRP’s price.
However, the legal battle seems far from over, with the regulator being unhappy about the magistrates’ decision. It requested permission to appeal the ruling in August and formally filed its position this weekend.
The Latest Update on the Ripple/SEC Saga
As CryptoPotato reported a few days back, the Commission appealed against the court decision that most of Ripple’s XRP sales did not constitute an offer of unregistered securities. More specifically, the SEC’s disagreement is focused on two sales – “programmatic” and those classified by the court as “other distributions.”
Judge Torres has already ruled that the former (which were offered to public buyers) did not violate securities laws. “Other distributions” include offers and sales of XRP in exchange for goods and services.
The lawsuit between Ripple
We współpracy z: https://cryptopotato.com/ripple-v-sec-lawsuit-update-september-11/
