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COINTURK NEWS > Ripple (XRP) > The SEC Files an Appeal Against Ripple in Ongoing Case
Ripple (XRP)

The SEC Files an Appeal Against Ripple in Ongoing Case

In Brief

  • The SEC has filed an appeal in its case against Ripple.

  • Disagreements have arisen regarding the timing of the SEC's appeal.

  • This case is critical for the future of digital asset regulation.

Fatih Uçar
Fatih Uçar 7 months ago
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The U.S. Securities and Exchange Commission (SEC) has submitted its appeal in the ongoing case against Ripple $2. However, discussions have emerged regarding the timing of the appeal. Some argue that the SEC may have missed the deadline set for its filing.

Contents
Contents of the AppealDisagreements on TimingFocus of the Litigation

Contents of the Appeal

The SEC’s appeal focuses on the sales of XRP conducted by Ripple on digital platforms. Additionally, the role of Ripple executives in these sales is under scrutiny. These issues are key components of the appeal.

Disagreements on Timing

The timeliness of the appeal filing has become a contentious topic. Some commentators question whether the filing date or the time the documents were officially recorded should be considered. This situation has led to disagreements among the parties involved.

Ripple CEO Brad Garlinghouse criticized the SEC for creating its own rules during this process.

Focus of the Litigation

The SEC is not appealing the previously imposed $125 million penalty. Instead, it is concentrating on the methods of XRP sales and the involvement of Ripple executives. This approach indicates that the SEC is evaluating the matter from a broader perspective.

Former securities lawyer Marc Fagel stated that the SEC’s appeal is an expected move. The content of the appeal centers not on whether XRP is a security, but on how it was sold.

This case is being closely monitored in the world of digital assets. Legal regulations and companies’ compliance with these regulations may influence similar cases in the future. The ongoing process between Ripple and the SEC is shedding light on the future of the digital asset market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 18 October, 2024 - 8:36 am 18 October, 2024 - 8:36 am
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