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International Business Times
International Business Times
Business
Marvie Basilan

Forcing The Hand Of World's Largest $XRP Holder – Ripple Files Cross-Appeal In SEC Case

SEC Ripple XRP Stuart Alderoty Crypto Chip Gary Gensler Analisa Torres
$XRP is up by over 2% in the last 24 hours following news of Ripple's cross-appeal filing. (Credit: Forextime.com/flickr)

KEY POINTS

  • Ripple CLO Stuart Alderoty said he can't wait to finally end Gensler's war on crypto
  • Judge Torres ruled in 2023 that $XRP sales in exchanges through algorithms didn't constitute investment contracts
  • Prominent crypto podcaster Chip said the SEC forced Ripple's hand instead of just walking away from the case

Less than a week after the U.S. Securities and Exchange Commission (SEC) filed a notice to appeal the court's 2023 ruling over the XRP token's status as a non-security, Ripple Labs, which is closely associated with the cryptocurrency and is the token's largest holder, filed a notice to cross-appeal.

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