US SEC Gives First Hint On Seeking XRP Ruling Appeal

Also Read: Crypto Exchange Gemini Teases Hint Of XRP Relisting Soon

advertisement

Earlier, CoinGape reported that the SEC should be acting fast if it were to go for an appeal of the Summary Judgment. It remains to be seen how long the court takes to decide whether or not to accept the agency’s appeal.

US SEC Seeking To Review XRP Ruling

In the context of Terraform Labs cofounder Do Kwon trying to use the XRP ruling as a precedent in his ongoing lawsuit that involved fraud allegations. Kwon cited Judge Torres’ ruling that the sale of XRP is not a security to prevent the agency from charging him. In response, the US SEC had on Friday filed a pleading in the Terraform Labs case saying the court should not consider the Ripple judgment as the SEC is seeking to review it.

“Respectfully, those portions of Ripple were wrongfully decided, and this court should not follow them. SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review.”

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

The SEC categorically termed the ruling a ‘wrongful decision’, hinting of a fierce response for a review of the judgment. Hence, the crypto community now have a reason to be cautious next week in anticipation of a request for appeal in the Ripple lawsuit.

Also Read: Tesla Retains Dogecoin As Payment Option; Removes Bitcoin 

Comments

Post a Comment

Popular posts from this blog

Tokinvest and Singularry SuperApp Partner to Make Regulated Real-World Asset Investing Accessible to Everyone

Image
Dubai, UAE, October 29th, 2025, Chainwire Tokinvest , a VARA-licensed platform for tokenised real-world assets (RWAs), has announced a partnership with Singularry SuperApp , a UAE-based fintech that blends artificial intelligence (AI) with decentralised finance (DeFi) to make digital investing more human-centric and straightforward. Through the partnership, Tokinvest’s regulated investment infrastructure will be integrated directly into the Singularry SuperApp . This will give users secure access to suitable tokenised real-world assets from the app’s all-in-one financial interface. Tokinvest is progressing regulatory approval for a range of tokenised products, including real estate, commodities and private credit products.  The collaboration combines Tokinvest’s strength in regulation and compliance with Singularry’s vision to create the “iPhone moment for Web3.” The result is a new way for users to explore digital assets and real-world invest...
Read more

ARCS 2.0: Pioneering Data Sovereignty Through Real-World Utility and Cultural Heritage

Image
Tokyo, Japan, October 31st, 2025, Chainwire In a landmark evolution, the ARCS (ARX) project has transitioned from visionary foundations to tangible, real-world impact. Launched in 2019 with a bold mission to empower data sovereignty, enabling individuals to control and monetize their personal data, gaining fair economic value from it, ARCS has now entered its ARCS 2.0 phase. This strategic pivot integrates blockchain with physical assets, forging a decentralized economic ecosystem that bridges digital innovation and everyday utility. Recent milestones affirm the team's unwavering trajectory toward a sustainable, user-centric future. From Vision to Reality: Lessons of ARCS 1.0 ARCS 1.0 introduced a groundbreaking "data bank" model, rewarding users with ARX tokens for anonymous data contributions. While pioneering, it faced hurdles: the "cold start" challenge of simultaneous user and enterprise adoption, limited real-world use cases, and regulatory uncertainties...
Read more

Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element

Image
Prague, Czech Republic, October 23rd, 2025, Chainwire Fully wireless hardware wallet introduces the world’s first auditable secure element and quantum-ready architecture for next-generation protection Trezor , the original hardware wallet company, has launched Trezor Safe 7, a new-generation hardware wallet that introduces several industry firsts: a fully auditable secure element (TROPIC01), and a quantum-ready architecture. It also features seamless mobile connectivity, making it easier than ever to manage crypto securely from anywhere. With a vibrant color touchscreen, anodized aluminum unibody, and open-source firmware, Trezor Safe 7 is built to offer transparent, long-term self-custody without compromising on usability or design. First Transparent Secure Element At the core of the device is TROPIC01, the world's first transparent and auditable secure element. Unlike conventional secure elements that rely on undisclosed architecture, TROPIC01 allows the community to inspect, ...
Read more