CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CryptoIntelligence 2024-10-03 14:44:00

SEC Files Appeal in XRP Lawsuit After Controversial Verdict

The United States Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple lawsuit on October 2, seeking to overturn a ruling made by Judge Analisa Torres. Legal experts had anticipated the regulatory agency’s appeal of the 2023 ruling, which determined that secondary sales of Ripple’s XRP did not constitute securities sales. Judge Torres ruled that XRP was not a security by itself because the digital asset failed to meet all the conditions outlined in the SEC’s Howey test for classifying a financial asset as an investment contract. As a result, Torres concluded that secondary sales could

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.