Attorneys representing Ripple in its lawsuit against the US Securities and Exchange Commission (SEC) have revealed that regulators have not complied with appeal requirements.
In a Sept. 1 filing before the U.S. District Court for the Southern District of New York, Ripple’s legal team said The SEC’s reasons for appeal largely depend on “Dissatisfaction” in Judge’s Decision That XRP Tokens Do Not Qualify as Securities for Sale to Retail Investors The lawyer demanded that the judge reject the appeal request.
The SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen in December 2020, causing several exchanges to withdraw XRP to avoid potential legal problems. But after the court ruling, several exchanges said they would resume listing the tokens in the future.
“Sadly, the massive crypto community in the US It takes legal proceedings to prove that the SEC is powerless and consistently in breach of facts and laws,” Garlinghouse said in Post X on Sept. 29. August
refer : cointelegraph
picture binance
The post Ripple’s legal team opposes the SEC’s appeal that XRP tokens are securities appeared first on Bitcoin Addict.