TechFlow news, October 20 — According to Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty recently confirmed that the ruling stating XRP is not a security in retail sales remains unchanged as the U.S. SEC formally appeals the Ripple case. He wrote on X: "Not surprising at all—once again, everything is clear. The court’s determination that 'XRP is not a security' was not appealed. This decision is the law of the land." In its appeal, the SEC has challenged several key rulings, including the finding that non-cash distributions and sales of XRP by Ripple executives Brad Garlinghouse and Chris Larsen did not violate securities laws. Ripple plans to file its own Form C next week as part of a cross-appeal regarding the institutional sale ruling. Both parties are preparing for an extended appeals process, which could impact how digital assets are classified and regulated in the future. (Bitcoin.com)
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
