- Ripple opposes SEC’s intention to appeal Judge Torres’ decision on XRP’s security status.
- The company believes the court’s verdict stands without legal discrepancies against SEC’s claims.
- Ripple’s opposition is supported by CEO Brad Garlinghouse and co-founder Chris Larsen.
Ripple, in a decisive move, has positioned itself against the US Securities and Exchange Commission’s (SEC) potential appeal regarding XRP’s security status. This comes after the SEC hinted at challenging Judge Analisa Torres’ ruling, which clarified that XRP isn’t a security on trading platforms. Ripple, not waiting on the sidelines, has actively voiced its opposition to the SEC’s intended move.
In a detailed letter, Ripple highlighted its stance. They emphasized that the court’s decision remains robust, devoid of any legal inconsistencies. Furthermore, Ripple pointed out the SEC’s inability to present a solid argument against the ruling. The company also noted that even if the SEC proceeds with its appeal, it won’t mark the conclusion of this long-standing case.
Attorney James K. Filan brought this development to the XRP community’s attention, mentioning that Ripple’s opposition is jointly filed by CEO Brad Garlinghouse and co-founder Chris Larsen.
Ripple and XRP continue to navigate the complex landscape of the crypto world. With a clear vision and unwavering commitment, the future holds promising possibilities for Ripple and XRP in reshaping the digital currency space.
Read also:
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
