SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit By Cointelegraph
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The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Labs lawsuit, which deemed XRP to not be a security when sold to retail investors.
The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey Test, which determines what falls under the category of an investment contract or not.
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The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Labs lawsuit, which deemed XRP to not be a security when sold to retail investors.
The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey Test, which determines what falls under the category of an investment contract or not.
Continue Reading on Coin Telegraph
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