SEC Appeals Verdict in Ripple Case
Binance Gains Regulatory Approval in Argentina, Cash Still Dominates Crime
The SEC announced their appeal of a federal judge's ruling in its Ripple securities case.
The Notice of Appeal was filed by the SEC less than 2 months after the judge ruled in the 4-year-old case against Ripple.
It was ruled in July '23 that Ripple violated federal securities law through institutional XRP sales but didn't through programmatic retail exchange sales.
In August, a judge imposed a $125M fine against Ripple. The SEC had requested a fine of around $2B.
Ripple’s CEO tweeted, saying that the SEC lost on everything what matters and called XRP's non-security status "the law of the land".
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