SEC Appeals Ripple Ruling, XRP's Security Status Remains in Question
TL;DR
The U.S. Securities and Exchange Commission (SEC) has acknowledged that the assets in its case against Ripple and Terraform Labs may not be securities, but it plans to appeal the judge's ruling in the Ripple case due to potential implications for other litigations. The SEC is seeking an interlocutory appeal and a stay of remedies and pretrial proceedings. The XRP community has focused on the SEC's admission, but it has not affected XRP's price performance, which is currently trading at $0.50.
- SEC Shift: XRP Not Security, Legal Clash Endures BeInCrypto
- FOX Business's Gasparino on XRP: Just Reporting Facts, CryptoGlobe
- SEC Moves to Appeal Ripple Ruling That XRP Token Is Not a Security Bloomberg
- Interlocutory Filing Sheds Light On SEC's Stance Regarding XRP's Security Status | Bitcoinist.com Bitcoinist
- SEC seeks appeal over Ripple, crypto prices plunge, EU Bitcoin ETF Cointelegraph
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