Ripple is not impressed by the SEC’s “hackneyed arguments”
As expected, the SEC filed its appeal brief with the 2nd Circuit Court of Appeals, seeking to overturn the previous decision which held that sales of XRP to retail investors did not constitute an unregistered securities offering. The SEC is seeking to have all sales of XRP classified as unregistered securities offerings.
Reacting to this news, Ripple’s legal director, Stuart Alderoty, spoke on X:
“As expected, the SEC’s appeal brief is just a collection of arguments that have already been rejected – and will likely be abandoned by the next administration.
We will respond in due form. Know one thing: the SEC’s lawsuit is just noise. A new era of innovation-friendly regulation is coming, and Ripple is in great shape. »
The CEO of Ripple, Brad Garlinghousealso expressed disappointment, stating:
“It almost seems like madness… Doing the same thing over and over and expecting different results. Gensler’s SEC seems to have understood this concept well. »
XRP price explodes despite legal turmoil
Despite this legal chaos, the XRP de Ripple experienced an increase of 9% over 24 hours, reaching an annual high above $3 this morningdemonstrating renewed interest from investors. XRP, alongside Dogecoin, is leading gains in the cryptocurrency market, even surpassing Bitcoin.
The Bitcoin touched again 100 000 $ and is currently trading just above this level. L’Ethereum is also on the move, surpassing $3,400. But the biggest news of the day concerns XRP, which surged to 3,18 $, or an increase by almost 29% during the last seven days.
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The XRP chart looks strong, and analysts are predicting possible price gains in the future. Some believe that the XRP Could Reach $4 or Even Morethanks to a long accumulation period.
The market could see a few more erratic movements before a real breakthrough. With the rumors surrounding the inauguration of Trump and its potential impact on the cryptocurrency market, we could witness a “ sell the news » (sell the news).
Ripple and XRP ready to turn the page on this dispute
Faced with this new SEC appeal procedure, Ripple seems confident in the outcome of this case. With the strong words of its legal director, the company sees the end of this legal battle which has lasted 4 years.
As the price of XRP experiences strong growth, reflecting renewed investor interest, Ripple is determined to look towards an era of “ regulation favorable to innovation« .
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