XRP community members have been closely following the US Securities & Exchange Commission’s (SEC) every move against Ripple. In the latest update, the
regulator’s request to file a motion for interlocutory appeal has been approved by the court. Ripple filed its opposition to the SEC’s request on August 16. However, Judge Torres replied on Thursday, allowing the SEC’s filing.
Judge Torres’ ruling on XRP’s status as a “non-security” is likely under threat due to the interlocutory appeal and the SEC’s request that the ruling be revisited on “substantial ground for difference of opinion.” It's important to note that once the interlocutory appeal is accepted, the SEC’s legal team needs to prove that Judge Torres’ application of the Howey Test was not acceptable in order to reverse Ripple’s partial victory.
Ripple’s partial win catalyzed the token’s relisting, its price recovery and higher adoption worldwide. However, this ruling is likely to be reversed with the SEC’s attempt to get the Howey Test applied with no distinction between purchasers. This is the “game changing” element of the SEC’s appeal. With the SEC request to file motion for interlocutory appeal accepted:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
XRP Price Prediction: SEC vs. Ripple lawsuit’s 100% rally could be just the startXRP price rallied nearly 100% after Ripple scored a partial victory against the US Securities and Exchange Commission (SEC) in the SEC vs. Ripple laws
Baca lebih lajut »
SEC Can Argue for Right to Appeal Groundbreaking XRP Ruling in Ripple Case, Judge SaysA federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
Baca lebih lajut »
Ripple Case Update: SEC Gets Green Light to Seek Interlocutory AppealThe U.S. District Court for the Southern District of New York has granted the SEC the right to file a motion for an interlocutory appeal
Baca lebih lajut »
XRP Price Dips Below $0.6 As Investors Lose Hope in RippleMajor cryptocurrencies are registering steep losses as a perfect storm led by worsening inflation levels, SEC’s hawkish stance and struggling equities has
Baca lebih lajut »
Big Bounce to $0.9 Possible for XRP if This Critical Level Holds (Ripple Price Analysis)Ripple's price is yet to show any sign of bullishness after a decisive rejection from a significant resistance level. However, the market has currently
Baca lebih lajut »
Ripple (XRP) Rival Stellar (XLM) Becomes Minority Investor in MoneyGramSDF's commercial partnership with MoneyGram officially began in 2021.
Baca lebih lajut »