SEC Seeks Appeals Court Review for Ripple's XRP Ruling
TL;DR
The U.S. Securities and Exchange Commission (SEC) has requested permission to appeal a federal judge's ruling that XRP sales through exchanges did not violate securities law. The SEC is specifically appealing the judge's ruling that Ripple's programmatic sales of XRP did not violate securities law. The ruling could have implications for other SEC cases and legal matters. Ripple has until September 1, 2023, to respond to the SEC's motion.
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