Ripple and SEC: The Ongoing Legal Saga Over XRP

Thursday, 3 October 2024, 07:21

Ripple faces renewed scrutiny as the SEC appeals the recent court ruling against it. The appeal highlights ongoing challenges for Ripple and its XRP token. Meanwhile, Bitwise takes a notable step by filing for an XRP ETF, reflecting investor interest.
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Ripple and SEC: The Ongoing Legal Saga Over XRP

Ripple's Legal Battle with the SEC

The SEC has officially filed a notice of appeal in its ongoing lawsuit against Ripple Labs, aiming to overturn Judge Analisa Torres' recent ruling that favored the cryptocurrency firm.

Bitwise Enters the XRP Market

As the legal complexities unfold, investment firm Bitwise has taken significant action by submitting an application for an XRP ETF, signaling strong market interest and demand for Ripple's flagship token.

  • Ripple's confrontation with the SEC persists.
  • Judge Torres' ruling marks a critical point in digital currency regulation.
  • Bitwise's ETF proposal may pave the way for wider adoption of XRP.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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