SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling

Judge Torres ruled in July that Ripple violated federal securities law in how it sold XRP to institutional investors, but that it had not done so with retail investors. Another judge in the same court, Judge Jed Rakoff, disagreed with the judgment when he ruled on a different case, also brought by the SEC. The regulator pointed to this in its first memo and Friday’s filing as part of its bid to convince Torres to allow the so-called interlocutory appeal, allowing an appellate court to take up some legal questions while the case is still progressing in the original court.

About admin

Check Also

Stablecoins: Roman Coins or Spanish Doubloons for the Modern Era

By 1900, colonialism had seen the adoption of currencies, or at least local derivations, of …

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Recent Comments

No hay comentarios que mostrar.