Breaking: Ripple Files Cross Appeal In SEC Lawsuit

Ripple’s Chief Legal Officer has revealed that his company has filed a cross-appeal in its case against the US Securities and Exchange Commission (SEC). This provides a new twist to the legal battle that has been ongoing since December 2022.

Ripple Files Cross-Appeal Against SEC

Alderoty revealed in an X post that they filed against a cross appeal against the US SEC today. He stated that they took this step to ensure that “nothing’s left on the table,” including the argument that there can’s be an investment contract without there being essential rights and obligations found in a contract.

The Ripple CLO noted that the SEC had already said they weren’t appealing the ruling that XRP itself isn’t a security. Therefore, their cross appeal won’t border on this issue. He added that this remains the law and that an appeal on other issues doesn’t change it.

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