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Ripple's Victory Could Be Short-Lived
The Last Minute Action of the SEC
What’s interesting is that the appeal will be reviewed de novo, meaning the appellate court will look at the legal issues from scratch. This allows for a fresh interpretation of the securities laws in question. Ripple’s fight is far from over, but the retail victory remains untouched, at least for now.
Response From Ripple
Stuart Alderoty, the Chief Legal Officer at Ripple wrote on social media platform X that it is clear once again that XRP is not a security. He also asked the community to keep watching the case as Ripple will file their Form C in the upcoming week.
What to Expect
This latest SEC move adds more uncertainty to Ripple’s journey. The crypto community is keeping a close watch, especially since there’s confusion over the SEC’s filing dates. Did the SEC miss its filing window? Some argue they did, but others aren’t so sure. Either way, Ripple and the SEC are set for more legal battles, and the outcome could shape how cryptocurrencies are regulated in the future.
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