In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect, while disclosing that it has already decided and is currently moving in to post an appeal.
There has been some intertwining contexts with latest legal fracas with the US Securities and Exchange Commission (SEC), which involves Terraform Labs and its co-founder, Do Kwon.
Notably, the SEC’s recent motion against Terraform Labs has revived discussions around the landmark Ripple Labs case, signaling a possible appeal on the horizon.
Institutional vs. Retail: Divergent Perspectives
In the Ripple Labs case, the court determined that Ripple’s XRP token sales to institutional investors breached SEC rules. However, the judge ruled that Ripple’s offerings to retail investors on exchanges didn’t infringe on these same regulations. This bifurcation of institutional and retail sales was broadly seen as a victory for the crypto industry.
In a stark departure from this view, the SEC, in its most recent filing against
We współpracy z: https://cryptodaily.co.uk/2023/07/sec-claims-ripple-ruling-was-wrong-sets-out-to-appeal
