Bad news for Ripple as Judge grants SEC request to file a motion
Brad Garlinghouse and Chris Larsen have vehemently opposed the appeal as it would suffer the crypto community setbacks. The SEC can now file a motion against…
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Brad Garlinghouse and Chris Larsen have vehemently opposed the appeal as it would suffer the crypto community setbacks. The SEC can now file a motion against…
(Bloomberg) -- The Securities and Exchange Commission asked a federal judge for permission to appeal her ruling that Ripple Labs’ XRP token is not a security when sold to the general public, arguing that the decision could affect other cases involving cryptocurrencies.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateBig Tech Logs Year’s Longest Weekly Losing Streak: Markets WrapBitcoin Calm Shatte
In a strategic move, the Securities and Exchange Commission (SEC) on Friday moved to file for an interlocutory appeal, asking for an immediate review of a federal judge’s ruling that XRP (CRYPTO: XRP) isn't a security when sold to the general public.
On August 9, the Securities and Exchange Commission (SEC) sent a letter to U.S. District Judge Analisa Torres requesting leave to file an interlocutory appeal in SEC v. Ripple Labs,...
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