SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling

Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday.

SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler

The crypto industry’s campaign to set up exchange-traded funds (ETFs) has now pushed the U.S. Securities and Exchange Commission against a wall with Grayscale Investments’ consequential court win, but it’s still up to the agency to decide whether to retreat or keep fighting.