Debate Erupts Over Ripple’s XRP Sales: Cross-Appeal or Misinformation?

Quick Summary:

SEC has initiated an appeal in its case against Ripple following a federal judge’s ruling that the SEC failed to prove that Ripple violated securities laws through its sales of XRP to retail customers.  A recent discussion on X has sparked debate about Ripple’s legal strategy following its ongoing case with the SEC.

Distribution of XRP to retail is therefore obviously not a securities underwriting.Securities Law 101.

Unless the SEC challenges that finding and given it is not challenging the finding the XRP token itself is not a security, then those institutions selling… pic.twitter.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Ripple (XRP) Crypto news Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 12:51:13 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22979474

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 22 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions