The U.S. Securities and Exchange Commission (SEC) has taken a step to appeal the July 13 Ripple court order
The heart of the dispute revolves around whether the offers and sales of XRP by Ripple are considered"investment contracts" as stipulated under the Howey test.
When it comes to institutional sales, the court had affirmed that the Howey criteria were met. However, there have been differences in rulings regarding the classification of coins sold directly to institutional investors versus those sold to retail investors through secondary markets. The ongoing legal battle has been under the microscope of crypto industry leaders and experts. The SEC's appeal motion underscores the importance of clarity in the burgeoning cryptocurrency sector.is seeking affirmation of the court's July decision, but the SEC believes that an interlocutory review could provide the necessary clarity and, thus, is urging for an immediate appeal.
The outcome of this motion could shape the trajectory for many similar cases in the crypto domain, making it a closely watched event by stakeholders and investors alike.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
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 »
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 »
Cryptocurrencies Price Prediction: Binance, Ethereum & SEC vs Ripple– American Wrap 18 AugustBinance Coin Price Forecast: BNB could crash 35% amid mounting bearish signs Binance Coin price is edging closer to a key support level at $221, which
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 »
How to Buy XRP (XRP) GuideBinance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
Baca lebih lajut »