Ripple Faces Strong Counterattack from SEC! Court Ruling Under Doubt, XRP at a Turning Point!
The Securities and Exchange Commission (SEC) has officially appealed the previous ruling in the Ripple case, attempting to classify XRP as a security. In its latest brief, the SEC challenges the district court's ruling, which found that Ripple's sale of XRP to retail investors did not violate securities laws. The SEC emphasizes that retail investors should enjoy the same protections as institutional investors, arguing that the court's distinction contradicts the core principles of the Howey Test and federal securities law.
If this appeal is supported, it will overturn the favorable ruling for Ripple and could reshape the regulatory landscape of the cryptocurrency market. Meanwhile, there are reports that with changes in regulators, the government may adjust its stance on cryptocurrencies, bringing more policy support and clarity for industry development.
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