Strong

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<ul> 
 <li>Pro-XRP attorney Jeremy Hogan discusses the potential outcomes of the SEC’s appeal against Ripple.</li> 
 <li>The SEC’s appeal focuses on Ripple’s sales on exchanges, not XRP’s status as a security.</li> 
 <li>Hogan predicts exchanges will continue listing XRP, provided Ripple isn’t facilitating sales.</li> 
</ul> 
<p>Ripple, the renowned blockchain payments firm, finds itself in the spotlight once again as the U.S. Securities and Exchange Commission (SEC) contemplates an appeal in their ongoing case. Jeremy Hogan, a pro-XRP attorney, has shed light on the situation, emphasizing that the SEC’s potential appeal focuses solely on <a href="https://twitter.com/attorneyjeremy1/status/1689391038954123264" target="_blank" rel="noopener noreferrer nofollow">Ripple’s sales on exchanges</a>.</p> 
<p>Interestingly, the appeal doesn’t challenge XRP’s status as a security. Hogan further elaborates that even if the SEC emerges victorious in the appeal, crypto <a href="https://twitter.com/attorneyjeremy1/status/1689426536917610502" target="_blank" rel="noopener noreferrer nofollow">exchanges are likely to maintain XRP listings</a>.&nbsp;</p> 
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   <p lang="en" dir="ltr">Two separate issues. XRP is not a security. Period.<br><br>But if the SEC wins the appeal on sales, then Ripple couldn't use exchanges to facilitate sales. And the big Q: would exchanges keep XRP listed? I think yes, as long as they can verify the sales are not being made by Ripple.</p>— Jeremy Hogan (@attorneyjeremy1) <a href="https://twitter.com/attorneyjeremy1/status/1689426536917610502?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2023</a> 
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<p>The only condition would be ensuring that Ripple isn’t directly facilitating the sales of the token. This distinction is crucial, as the lawsuit primarily revolves around Ripple’s programmatic sales, leaving individual XRP transactions unaffected.</p> 
<p>The legal tussle began in late 2020 when the SEC accused Ripple of selling XRP as an unregistered security. A significant ruling came in July when Judge Analisa Torres declared that Ripple’s open-market XRP sales weren’t securities transactions. However, she agreed with the SEC’s stance that Ripple’s direct XRP sales to institutions were indeed securities offerings.</p> 
<p>Looking ahead, the crypto community remains optimistic about Ripple and XRP’s future. As the legal landscape evolves, many believe that XRP will continue to solidify its position in the crypto space, offering innovative solutions and fostering global financial inclusivity.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/ripple-lawsuit-recent-highlights-everything-you-must-know/" rel="noopener noreferrer nofollow">Ripple Lawsuit Recent Highlights: Everything You Must Know</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-lawyer-says-sec-will-lose-appeal-on-ripple-case-amid-latest-filing/" rel="noopener noreferrer nofollow">Crypto Lawyer Says SEC Will Lose Appeal on Ripple Case Amid Latest Filing</a></li> 
 <li><a href="https://cryptonewsland.com/former-sec-chief-admits-sec-may-lose-should-it-appeal-xrp-ruling/" rel="noopener noreferrer nofollow">Former SEC Chief Admits SEC May Lose Should It Appeal XRP Ruling</a></li> 
 <li><a href="https://cryptonewsland.com/secs-potential-xrp-appeal/" rel="noopener noreferrer nofollow">SEC’s Potential XRP Appeal: Unlikely to Overturn Decision, Experts Say</a></li> 
 <li><a href="https://cryptonewsland.com/ripple-faces-secs-intensified-scrutiny-with-latest-appeal-market-price-stays-steady-and-strong/" rel="noopener noreferrer nofollow">Ripple Faces SEC’s Intensified Scrutiny with Latest Appeal, Market Price Stays Steady and Strong</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrp-holds-strong-on-platforms-even-in-the-face-of-secs-potential-appeal-lawyer-explains/">XRP Holds Strong on Platforms, Even in the Face of SEC’s Potential Appeal, Lawyer Explains</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Holds Strong on Platforms, Even in the Face of SEC’s Potential Appeal, Lawyer Explains

Crypto News Land

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