Ripple (XRP) News: SEC Files Opening Brief, Claims District Court Ruling Was Incorrect

Quick Summary:

Securities and Exchange Commission (SEC) has officially filed an appeal in its ongoing lawsuit against Ripple, seeking to classify the cryptocurrency XRP as a security.

In a brief submitted on Wednesday, the SEC disagreed with the earlier ruling by the U.S.

Reports suggest a potential pause on enforcement actions, which could lead to quicker settlements and a shift away from “regulation by enforcement.” With the current sec chair Gary Gensler set to step down next week, the new administration is expected to bring more clarity and support for the crypto industry.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Altcoins News Crypto news Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 03:34:31 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 25185657

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Official Website: coinpedia.org

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News Last Updated: 8 hours ago

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