: SEC plans to appeal Ripple ruling


The Securities and Exchange Commission filed a letter in federal court Wednesday announcing its intention to appeal a portion of a recent ruling that stated the regulator does not have the authority to regulate certain sales of Ripple’s cryptocurrency XRP XRPUSD, -3.01%.

U.S. District Judge Analisa Torres ruled last month that XRP is not a security when sold on digital-asset exchanges to the general public, a decision that was widely hailed by the crypto community and seen as a boon for crypto exchange Coinbase Global Inc. COIN, -4.20% in its ongoing legal battle with the SEC.

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1.
Next articleCould Apple buy Disney? Here’s why the long-simmering rumor is flaring up again.


Please enter your comment!
Please enter your name here