<ul class="wp-block-list news-points"> 
 <li>Ripple CLO Stuart Alderoty raises constitutional concerns over the SEC’s continued classification of XRP as a security. </li> 
 <li>Ripple CEO Brad Garlinghouse criticizes the SEC for defying a court ruling on XRP. </li> 
 <li>The company is considering further legal action against the SEC. </li> 
</ul>   
Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed constitutional concerns regarding the SEC’s ongoing classification of XRP as a security, despite a court ruling to the contrary. In a post on X on Friday, Alderoty <a href="https://x.com/s_alderoty/status/1844858252435337633" target="_blank" rel="nofollow">suggested</a> that the SEC’s actions could undermine the legitimacy of regulatory enforcement.   
This latest commentary emerged amid a new lawsuit involving the crypto exchange Bitnomial, in which the SEC reiterated its position that XRP is a security. Recall that in July 2023, District Judge Analisa Torres ruled that XRP, on its own, is not a security.   
<h2 class="wp-block-heading" id="h-bitnomial-lawsuit-challenges-sec-over-xrp-futures">Bitnomial Lawsuit Challenges SEC Over XRP Futures</h2>   
Bitnomial, a crypto derivatives exchange, <a href="https://coinedition.com/bitnomial-sues-sec-over-xrp-futures-disputes-security-classification/">recently filed a lawsuit</a> against the SEC in an Illinois district court. It seeks to contest the agency’s claim that Bitnomial’s proposed XRP Futures contract falls under SEC jurisdiction.   
Bitnomial had sought app…
The post <a href="https://coinedition.com/ripples-legal-chief-raises-constitutional-alarm-over-secs-latest-xrp-classification/">Ripple’s Legal Chief Raises Constitutional Alarm Over SEC’s Latest XRP Classification</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple’s Legal Chief Raises Constitutional Alarm Over SEC’s Latest XRP Classification

Table of Contents

Coin Edition

Other articles published on Oct 12, 2024

Weekend Listing from OKX – They Listed Surprise Altcoin

DOGE to Moon? What to Expect From Dogecoin Price This Week

Scroll Addresses Community Concerns Following Binance Partnership

Genius Trump Solana Memecoin to Skyrocket 19,000% Ahead of Exchange Listing, While BONK and DOGE Lag

Dogecoin News Update: DOGE Price Set To Jump 50% Before Q4 End, This Utility Meme Coin Hybrid Wil...

FXGuys (FXG) Presale Leaves Dogecoin (DOGE) and Shiba Inu (SHIB) Memecoin Communities Awestruck

Join our free newsletter for daily crypto updates!