The SEC challenged key aspects of the court’s ruling, including the acquittal of Ripple executives and the distribution of non-cash XRP. This case could have significant implications for future cryptocurrency regulation.
BlockBeats previously reported that the U.S. An SEC spokesperson said, “We believe the district court’s ruling in the Ripple case conflicts with decades of Supreme Court precedent and securities laws, and we look forward to making our case before the Second Circuit.” Previously, a judge ordered Ripple to pay a civil penalty of $125 million, far less than the $2 billion fine originally requested by the SEC.
The U.S. Second Circuit Court of Appeals on Web3 payment company Ripple. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling made by Judge Analisa Torres. SEC was appealing the previous ruling of the U.S.
