The post Ripple files Form C to clarify its argument against the US SEC appeared on BitcoinEthereumNews.com.

Ripple has filed a civil appeal pre-argument statement Form C. The company is appealing part of the 2023 ruling summary, which termed institutional sales of XRP as unregistered security offerings. The US regulator has also filed Form C, appealing against the ruling that retail XRP sales did not violate US federal laws on security issuance. The US Securities and Exchange Commission (SEC) and Ripple are back in court with Form C filings over XRP sales. The company filed its civil appeal pre-argument statement challenging part of the court’s ruling summary in 2023.  Ripple appeals XRP institutional sales as unregistered securities US District Judge Analisa Torres’ ruling was a partial victory for both Ripple and the SEC. The judge stated that XRP in itself was not a security when issued to retail investors. However, the court concluded that Ripple’s institutional sales of XRP constituted unregistered securities offerings. Ripple is appealing the partial loss of the ruling. Stuart Alderoty, Ripple’s chief legal officer, expressed confidence that the they would win the case. The legal expert told Fox Business that he felt good about the result of the second circus.  Ripple’s filing comes after the US SEC filed a civil appeal pre-argument statement (Form C) against the company. The commission filed the civil appeal with US courts in a bid to reverse Judge Analisa Torres’ summary judgment. Today, Ripple filed a Form C – listing the issues we plan to raise on our cross appeal. A few things to keep in mind as we move forward: The case is not about whether XRP, in and of itself, is a security. XRP is uniquely situated as having clarity (alongside BTC) in not being… https://t.co/AmFocAnbPx — Stuart Alderoty (@s_alderoty) October 25, 2024 According to Fox Business journalist Eleanor Terrett, the commission is challenging the company’s…

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Filed under: News - @ October 25, 2024 8:25 am