SEC appeals decision that restricted its crypto oversight

XRP slides 9% after SEC appeals decision in landmark Ripple case

The SEC Wednesday filed to appeal a 2023 court ruling that XRP is not considered a security when sold to retail investors on exchanges.

Notice of Appeal – #978 in Securities and Exchange Commission v. Ripple Labs Inc. (S.D.N.Y., 1:20-cv-10832) – CourtListener.com

Notice of Appeal

SEC appeals decision that restricted its crypto oversight

NEW YORK :The U.S. Securities and Exchange Commission said on Wednesday it is appealing a court ruling that restricted its ability to regulate cryptocurrency markets.Wall Street's main securities regulator will ask the 2nd U.S. Circuit Court of Appeals in Manhattan to review a July 2023 decision that the XRP

Ripple (XRP) Price Prediction 2024, 2025-2030: XRP Crashes After SEC Appeal, Is $0.42 the Next Stop?

Following the recent SEC appeal filed earlier today, per a Coinfomania report, XRP’s price has sharply bottomed, worsened by the overall market dip caused by rising tensions in the Middle East. Currently, XRP is cruising at $0.602, up by 0.60% over the past 24 hours. The price chart shows a bearish breakout from an ascending ... Read more The post Ripple (XRP) Price Prediction 2024, 2025-2030: XRP Crashes After SEC Appeal, Is $0.42 the Next Stop…

SEC Appeals Court Ruling in Ripple Case, Seeking to Regain Crypto Regulation Control

The SEC is appealing a court ruling that XRP sales on public exchanges are not securities. Judge Torres ruled Ripple's institutional XRP sales violated securities laws, but retail sales did not. Ripple faces a $125 million fine for institutional sales, but retail sales worth $757 million are exempt. The SEC has filed an official appeal of the federal court's ruling in the ongoing legal dispute with Ripple Labs. In July 2023, U.S. District Judge…

XRP Price Crashes 12% as SEC Appeals in the Ripple Lawsuit

On Oct. 2, the US Securities and Exchange Commission filed a notice of appeal in the Ripple lawsuit seeking to overturn an earlier ruling. The agency has appealed a 2023 verdict set by Judge Torres, which ruled that secondary sales of Ripple’s XRP token did not constitute securities sales. The judge ruled that XRP failed to satisfy all the conditions for the SEC’s Howey test to be classified as an investment contract. The filing was shared by de…