Ripple dismisses SEC’s ongoing appeal as XRP reaches record highs under renewed optimism for pro-crypto policies.
SEC Challenges XRP Ruling
The US Securities and Exchange Commission (SEC) appeals a district court’s ruling that Ripple’s XRP token is not a security in retail sales, citing errors. Ripple’s Chief Legal Officer Stuart Alderoty called the appeal repetitive, urging for regulatory clarity over prolonged litigation.
Optimism for Pro-Crypto Regulation
The incoming Trump administration and SEC leadership bring hopes of constructive changes to digital asset policies.
As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and…
XRP Hits Record High
XRP surged to $3.40, gaining 60% this year, fueled by expectations of regulatory support and rising market confidence. XRP’s loyal community, the “XRP Army,” rallies behind its performance and potential for broader crypto innovation.
XRP’s Role in Global Finance
Ripple’s adoption of stablecoins and partnerships with banks underscores XRP’s utility in foreign exchange transactions.
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