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Sujit Kumar
Jan 16, 2025
by Sujit Kumar

Ripple vs. SEC: Regulator Appeals Court Ruling Amid Leadership Shift

Ripple vs. SEC: Regulator

Table of contents

  1. SEC’s Argument: XRP Sales Violated Securities Laws
  2. Ripple’s Response: Repetitive and Weakening Claims
    1. Leadership Change: A Turning Point for Crypto Regulation?
The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken another turn, with the regulator filing an appeal against the district court’s ruling. The SEC argues that the court misjudged key aspects, particularly the application of the Howey Test, which determines whether a transaction qualifies as an investment contract.

SEC’s Argument: XRP Sales Violated Securities Laws

According to the SEC, XRP token sales should have met the expectation-of-profits requirement under the Howey Test. The regulator also contends that noncash XRP transactions should still be classified as an investment of money, making them subject to securities laws. The appeal seeks to overturn the summary judgment favoring Ripple and reinforce its authority over crypto regulations.

Ripple’s Response: Repetitive and Weakening Claims

Ripple’s Chief Legal Officer, Stuart Alderoty, dismissed the SEC’s latest arguments, stating they are repetitive and unconvincing. He emphasized the need to move beyond non-fraud cases and create a regulatory framework that fosters innovation instead of litigation.

Leadership Change: A Turning Point for Crypto Regulation?

As SEC Chair Gary Gensler prepares to step down on January 20, the crypto industry is hopeful for a policy shift under new leadership. The anticipated appointment of pro-crypto Paul Atkins could signal a more constructive regulatory approach, focusing on growth and collaboration rather than enforcement.

With the Ripple case unresolved and new leadership on the horizon, the crypto industry watches closely for what could be a transformational moment in regulation.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Ripple vs. SEC: Regulator
Ripple vs. SEC: Regulator Appeals Court Ruling Amid Leadership Shift
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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