\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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\n

Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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\n

Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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\n

Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n

Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 11 12 13 14 15 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n

Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n

Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 11 12 13 14 15 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n

According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n

Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n

Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 11 12 13 14 15 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n

The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n

According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n

Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n

Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 11 12 13 14 15 41

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By subscribing, you agree with our privacy and terms.

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\n
  • Ripple also argued that an appeal would prolong the legal matter.<\/li>\n<\/ul>\n\n\n\n

    Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n

    The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n

    According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n

    Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n

    Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

    Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

    The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

    The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 11 12 13 14 15 41

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The blockchain challenged the SEC\u2019s appeal bid, citing a lack of legal grounds.<\/li>\n\n\n\n
  • Ripple also argued that an appeal would prolong the legal matter.<\/li>\n<\/ul>\n\n\n\n

    Ripple has fired back at the Securities and Exchange Commission (SEC), contesting the regulator\u2019s attempt to appeal a federal judge\u2019s ruling from July. The blockchain-based digital payments network asserts that the SEC has not met the requirements to justify an appeal.<\/p>\n\n\n\n

    The SEC\u2019s quest for an appeal revolved around a\u00a0ruling by Judge Analisa Torres<\/a>\u00a0of the Southern District of New York. She determined that Ripple\u2019s sales of XRP did not violate securities law, a landmark ruling welcomed in the cryptocurrency landscape as a potential precedent in light of similar cases brought by the SEC.<\/p>\n\n\n\n

    According to a\u00a0court filing<\/a>\u00a0on Friday, Ripple argued that July\u2019s ruling did not present a 'controlling question of law'. Ripple claims that the legal issues are not significant enough to warrant appellate court intervention.<\/p>\n\n\n\n

    Additionally, the other argument Ripple has put forth is that the SEC cannot demonstrate that different judges might disagree with Judge Torres\u2019 ruling. Ripple points out that for an appeal to be approved, there must be a credible belief that alternative judges might reach a different conclusion.<\/p>\n\n\n\n

    Ripple\u2019s Opposition to SEC's Appeal<\/h2>\n\n\n\n

    Ripple contends that the SEC\u2019s appeal would not lead to a quicker resolution of the overall case. According to the company, one ground for approving an appeal is facilitating a speedier conclusion of the legal proceedings. If accepted, Ripple argues that an appeal would prolong the case, adding to its complexity and uncertainty.<\/p>\n\n\n\n

    The legal battle<\/a> between Ripple and the SEC has been ongoing since December 2020, when the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen. The SEC accused them of raising over $1.3 billion through an unregistered security offering by selling the XRP. This legal clash prompted several cryptocurrency exchanges to delist the XRP token to mitigate potential legal risks.<\/p>\n\n\n\n

    The SEC\u2019s actions in 2023 have extended beyond Ripple, targeting multiple cryptocurrency firms over alleged securities violations, including Binance and Coinbase. In a recent development, asset manager Grayscale achieved a court victory<\/a> against the SEC, leading to a review of its application for spot Bitcoin exchange-traded fund (ETF), Reuters<\/em> reported.  <\/p>\n","post_title":"Ripple Challenges SEC\u2019s Bid For Appeal In Legal Battle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-challenges-secs-bid-for-appeal-in-legal-battle","to_ping":"","pinged":"","post_modified":"2023-09-03 12:11:59","post_modified_gmt":"2023-09-03 02:11:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 11 12 13 14 15 41

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n