SEC Appeals Ripple Ruling, Seeks Reversal on XRP Classification
2 days ago · Ripple’s legal team has consistently rejected the SEC’s claims, maintaining that XRP is a digital currency, not a security. On Wednesday, Chief Legal Officer Stuart Alderoty labeled the SEC’s latest filing a “rehash of failed arguments,” predicting the case will lose momentum under a Trump administration. The outcome of the appeal could have far-reaching implications for the …
SEC files opening brief in its appeal against Ripple, seeks reversal …
2 days ago · The SEC also disputes the district court’s finding that XRP given to employees and business partners did not meet the Howey test’s “investment of money” requirement. The regulator argues that the receipt of valuable services is economically equivalent to receiving monetary payment and thus satisfies this requirement.
Ripple Execs Blast SEC Over Refusal To Postpone Appeal
3 days ago · Spot XRP ETF applications are pending responses from the SEC, with initial decisions expected by the end of January 2025. The U.S. Securities and Exchange Commission (SEC) continues to play hardball under Gary Gensler as the regulator refuses to postpone the filing of its appeal against Ripple’s landmark courtroom victory.
SEC files opening brief in its appeal against Ripple over XRP
2 days ago · The SEC argued in a Jan. 15 filing to the Second Circuit Appeals Court that a New York District Court was wrong to rule that XRP sold to retail investors wasn’t an unregistered securities offering.
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