Jump to
Main Blog Hype Ripple against SEC’s appeal

Ripple against SEC’s appeal

Pic 1

Recently, we have already written about the SEC filing a motion to appeal the decision of Judge Analisa Torres in July. On August 16, Ripple Labs sent a compelling letter to the judge asking to overturn the SEC's appeal. Let's delve into the core points highlighted in Ripple's letter.

 

3 Ripple’s defence arguments

1. "The SEC's challenge does not raise a pure question of law"

Ripple contests that the SEC's appeal does not raise any new legal issues that need to be reviewed. According to lawyers, it means that the appeal lacks grounds and merit for further consideration.

2. "The SEC cannot show a substantial ground for difference of opinion"

Ripple refers to a portion of the SEC's argument in which the regulator cites another judge's decision in SEC vs. Terraform Labs. In that case, Terraform Labs was found guilty of selling unregistered securities. Ripple insists that the regulator has failed to convincingly illustrate how this precedent creates a conflicting viewpoint with the current case’s outcome.

Read more about the SEC's appealing argument.

3. "An immediate appeal will not advance the termination of this litigation"

Finally, Ripple writes that such interlocutory appeals are unnecessary. Even if the judge were to reverse her decision, the litigation between the company and the regulator would persist.
 

What’s now

As of now, the SEC has not yet commented on Ripple's letter. So, we are waiting for the dispute to unfold further.

Despite the legal backdrop, Ripple maintains its active market presence and sustains its position among the top 5 cryptocurrencies in terms of capitalization. Do not forget to check out our forecast for the price of XRP in August!

Pic 2

 

You might also like:

SEC vs. XRP: a new milestone in the case

The SEC appeals court decision

Exploring Ripple: is XRP worth investing in?

Ripple (XRP) price forecast August

Buy XRP

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
The difference between coin and token: understanding crypto assets
Learn
24 April, 2024
The difference between coin and token: understanding crypto assets
Discover the key differences between coins and tokens in the cryptocurrency ecosystem. Learn about their features, roles, and examples in this comprehensive guide.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Top 5 NFT games in 2024: the future of blockchain gaming
Learn
19 June, 2024
Top 5 NFT games in 2024: the future of blockchain gaming
In this guide, the itez team has gathered the freshest and most exciting information about the Play-to-Earn (P2E) segment and NFT games.