As the USA Securities and Alternate Fee (SEC) seeks an interlocutory enchantment in its case in opposition to Labs, attorneys working within the crypto area expressed confidence in Ripple’s case, with some underscoring that the XRP (XRP) token just isn’t a safety.
On Aug. 9, the SEC despatched a letter to Decide Analisa Torres stating that it was shifting to enchantment the courtroom determination, which it says warrants a contemporary look by an appellate courtroom. The SEC requested the choose to place the case on maintain whereas the enchantment is in progress.
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