tldr; The SEC’s appeal in the Ripple case does not target secondary sales of XRP, according to an attorney. This clarification comes amid ongoing legal proceedings between the SEC and Ripple, where the SEC has accused Ripple of conducting an unregistered securities offering. The focus of the appeal is not on the secondary market transactions of XRP, which has been a point of contention in the case. This distinction is important for XRP holders and the broader cryptocurrency market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ParanoidPurchaser on
So this makes SECs appeal news much less significant. It might affect the ETF approval time but not actually the fundamental status of XRP itself.
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tldr; The SEC’s appeal in the Ripple case does not target secondary sales of XRP, according to an attorney. This clarification comes amid ongoing legal proceedings between the SEC and Ripple, where the SEC has accused Ripple of conducting an unregistered securities offering. The focus of the appeal is not on the secondary market transactions of XRP, which has been a point of contention in the case. This distinction is important for XRP holders and the broader cryptocurrency market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
So this makes SECs appeal news much less significant. It might affect the ETF approval time but not actually the fundamental status of XRP itself.