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<ul> 
 <li>Ripple opposes SEC’s intention to appeal Judge Torres’ decision on XRP’s security status.</li> 
 <li>The company believes the court’s verdict stands without legal discrepancies against SEC’s claims.</li> 
 <li>Ripple’s opposition is supported by CEO Brad Garlinghouse and co-founder Chris Larsen.</li> 
</ul> 
<p>Ripple, in a decisive move, has positioned itself against the US Securities and Exchange Commission’s (SEC) potential appeal regarding XRP’s security status. This comes after the SEC hinted at challenging Judge Analisa Torres’ ruling, which clarified that XRP isn’t a security on trading platforms. Ripple, not waiting on the sidelines, has actively voiced its opposition to the SEC’s intended move.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> BREAKING: <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a> and <a href="https://twitter.com/chrislarsensf?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@chrislarsensf</a> file their opposition to the SEC’s request to file an interlocutory appeal and for a stay of all proceedings pending appeal. <a href="https://t.co/HU7vXOKegW" rel="noopener noreferrer nofollow">pic.twitter.com/HU7vXOKegW</a></p>— James K. Filan 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ee-1f1ea.png" alt="🇮🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@FilanLaw) <a href="https://twitter.com/FilanLaw/status/1691921878137401705?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 16, 2023</a> 
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<p>In a detailed letter, Ripple highlighted its stance. They emphasized that the court’s decision remains robust, devoid of any legal inconsistencies. Furthermore, Ripple pointed out the SEC’s inability to present a solid argument against the ruling. The company also noted that even if the SEC proceeds with its appeal, it won’t mark the conclusion of this long-standing case.</p> 
<p>Attorney James K. Filan brought this development to the XRP community’s attention, mentioning that Ripple’s opposition is jointly filed by CEO Brad Garlinghouse and co-founder Chris Larsen.</p> 
<p>Ripple and XRP continue to navigate the complex landscape of the crypto world. With a clear vision and unwavering commitment, the future holds promising possibilities for Ripple and XRP in reshaping the digital currency space.</p> 
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<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/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/xrp-holds-strong-on-platforms-even-in-the-face-of-secs-potential-appeal-lawyer-explains/" rel="noopener noreferrer nofollow">XRP Holds Strong on Platforms, Even in the Face of SEC’s Potential Appeal, Lawyer Explains</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/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> 
 <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> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrps-security-status-ripples-counter-to-secs-appeal/">XRP’s Security Status: Ripple’s Counter to SEC’s Appeal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP’s Security Status: Ripple’s Counter to SEC’s Appeal

Crypto News Land

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