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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Army Trends On X As SEC Hounds Ripple In 'Late' Appeal Filing

SEC Ripple XRP Brad Garlinghouse Stuart Alderoty Crypto Chris Larsen the 2nd Circuit
Did the SEC file its Form C appeal too late? (Credit: CryptoWallet.com Images/flickr.com)

KEY POINTS

  • Crypto lawyers argued that the filing was submitted a day late, and may be dismissed
  • Ripple's Alderoty said the company isn't surprised and will file its cross-appeal Form C next week
  • The SEC isn't appealing the ruling over $XRP's status as a non-security
  • The regulator is instead appealing the ruling on Ripple executives' $XRP sales on exchanges

Topics on the XRP token are trending on X after the U.S. Securities and Exchange Commission (SEC) filed Form C, which is a pre-argument statement for a civil appeal, after it filed a notice of appeal earlier this month to overturn a 2023 ruling that basically cemented the XRP's status as a non-security.

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