Ripple Files Civil Appeal Pre-Argument Statement Against SEC: Key Takeaways

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On Thursday, October 24, Ripple Labs filed the Civil Appeal Pre-Argument Statement, known as Form C, in its case with the US Securities and Exchange Commission (SEC).

The company asserts that it lacked adequate notice that its conduct violated Section 5, citing evidence of widespread uncertainty about the application of federal securities laws to virtual currencies and other digital assets.

He emphasized that the case is not about whether XRP itself is a security.“XRP is uniquely situated as having clarity (alongside BTC) in not being classified as a security,” Alderoty stated.“The SEC is not challenging that ruling, which stands as the law of the land.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Ripple news XRP price Ripple vs SEC XRP news Ripple vs SEC news XRP XRP lawsuit Ripple Breaking News Ticker

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 06:10:26 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 705 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23236338

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