‘XRP will not be a safety. Interval’ — Crypto legal professionals on Ripple’s case amid SEC attraction

As the USA Securities and Change Fee (SEC) seeks an interlocutory attraction in its case towards Labs, legal professionals working within the crypto house expressed confidence in Ripple’s case, with some underscoring that the XRP (XRP) token will not be a safety.

On Aug. 9, the SEC despatched a letter to Decide Analisa Torres stating that it was shifting to attraction the court docket determination, which it says warrants a recent look by an appellate court docket. The SEC requested the decide to place the case on maintain whereas the attraction is in progress.

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