The U.S. Securities and Exchange Commission (SEC) is not appealing District Judge Analisa Torres’ ruling that XRP is not a security, a lawyer has explained. The securities regulator is appealing “programmatic and individual sales issues,” he clarified, adding that “If the SEC wins the appeal on sales, then Ripple couldn’t use exchanges to facilitate sales.”
SEC Not Disputing Whether XRP Is a Security
The U.S. Securities and Exchange Commission (SEC) has informed District Judge Analisa Torres that it intends to appeal her ruling in the Ripple case. However, the securities regulator is not appealing the non-security status of XRP, Jeremy Hogan, partner at law firm Hogan & Hogan, explained on Twitter Wednesday.
“The SEC continues making questionable decisions, requesting an interlocutory appeal,” Hogan tweeted, emphasizing:
Note that it is NOT appealing whether XRP itself is a security — just its losses on the programmatic and individual sales issues.
In another twe
We współpracy z: https://news.bitcoin.com/sec-isnt-appealing-whether-xrp-is-a-security-lawyer-clarifies/
