What XRP Victory Means for Ripple: SEC Lawsuit Not Over Yet
Ripple achieves partial victory against SEC in groundbreaking ruling, but legal battle continues.
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Ripple achieves partial victory against SEC in groundbreaking ruling, but legal battle continues.
According to a recent ruling handed down by U.S. judge Analisa Torres the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted in part and denied in part. The order states that [...]
The post US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration appeared first on Crypto Breaking News.
Ripple secures victory as judge rules XRP not a security, triggering a 16% surge in its price.
Ripple secures victory as judge rules XRP not a security, triggering a 16% surge in its price.
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.” [...]
The post SEC Isn’t Appealing Whether XRP Is a Security, Lawyer Clarifies appeared first on Crypto Breaking News.
The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court proceedings.” SEC Seeks to Appeal Ruling in Ripple-XRP Case The U.S. [...]
The post SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings appeared first on Crypto Breaking News.
The United States Securities and Exchange Commission is moving to appeal a July court decision from its lawsuit against Ripple Labs, which had ruled the sale of XRP (XRP) is not a security when sold to retail investors. In an Aug. 9 letter to Judge Analisa Torres — the presiding judge in the case — the [...]
The post SEC to seek interlocutory appeal in Ripple case appeared first on Crypto Breaking News.
A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over the SEC v. Terraform Labs case. Judge Rakoff Rejects Approach in [...]
The post US District Judge Rejects Approach in SEC v Ripple Ruling on XRP appeared first on Crypto Breaking News.
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