Summary of SEC Files Notice of Appeal in Case Against Ripple
Summary of SEC Files Notice of Appeal in Case Against Ripple
The source article:
The US Securities and Exchange Commission (SEC) has announced its intention to appeal a federal judge's ruling in its case against Ripple, a crypto company. The SEC had filed a lawsuit against Ripple in 2018, alleging that the company had violated federal securities laws through its sales of XRP. In July 2023, a federal judge ruled that while Ripple had indeed violated securities law through its institutional sales of XRP, its programmatic sales to retail exchanges did not violate securities rules. The SEC had attempted to file an interlocutory appeal against the motion for summary judgment, but was denied by the judge.
The source article:
quoting nevent1q…np5lSEC Files Notice of Appeal in Case Against Ripple
The U.S. Securities and Exchange Commission announced it would appeal a federal judge's ruling in its case against Ripple on Wednesday.
https://www.coindesk.com/policy/2024/10/02/sec-files-notice-of-appeal-in-case-against-ripple/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The US Securities and Exchange Commission (SEC) has announced its intention to appeal a federal judge's ruling in its case against Ripple, a crypto company. The SEC had filed a lawsuit against Ripple in 2018, alleging that the company had violated federal securities laws through its sales of XRP. In July 2023, a federal judge ruled that while Ripple had indeed violated securities law through its institutional sales of XRP, its programmatic sales to retail exchanges did not violate securities rules. The SEC had attempted to file an interlocutory appeal against the motion for summary judgment, but was denied by the judge.