August 17, 2023 at 11:16 AM GST 2 mins read News
  • Ripple opposes SEC’s intention to appeal Judge Torres’ decision on XRP’s security status.
  • The company believes the court’s verdict stands without legal discrepancies against SEC’s claims.
  • Ripple’s opposition is supported by CEO Brad Garlinghouse and co-founder Chris Larsen.

Ripple, in a decisive move, has positioned itself against the US Securities and Exchange Commission’s (SEC) potential appeal regarding XRP’s security status. This comes after the SEC hinted at challenging Judge Analisa Torres’ ruling, which clarified that XRP isn’t a security on trading platforms. Ripple, not waiting on the sidelines, has actively voiced its opposition to the SEC’s intended move.

In a detailed letter, Ripple highlighted its stance. They emphasized that the court’s decision remains robust, devoid of any legal inconsistencies. Furthermore, Ripple pointed out the SEC’s inability to present a solid argument against the ruling. The company also noted that even if the SEC proceeds with its appeal, it won’t mark the conclusion of this long-standing case.

Attorney James K. Filan brought this development to the XRP community’s attention, mentioning that Ripple’s opposition is jointly filed by CEO Brad Garlinghouse and co-founder Chris Larsen.

Ripple and XRP continue to navigate the complex landscape of the crypto world. With a clear vision and unwavering commitment, the future holds promising possibilities for Ripple and XRP in reshaping the digital currency space.

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