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<ul> 
 <li>XRP enthusiasts criticize Bloomberg’s report on SEC’s appeal intentions.</li> 
 <li>XRP community clarifies Judge Torres’ non-security ruling, contrary to Bloomberg’s report.</li> 
 <li>SEC’s appeal motion intensifies Ripple-SEC legal dispute, triggering need for&nbsp; accurate reporting.</li> 
</ul> 
<p>Members of the XRP community are expressing frustration with Bloomberg’s reporting on the <a href="https://cryptonewsland.com/ripple-ceo-defends-xrps-non-security-status-amid-sec-appeal-drama/" rel="noopener noreferrer nofollow">SEC’s intentions to appeal</a> Judge Torres’ decision regarding XRP’s non-security classification.</p> 
<p>Specifically, Bloomberg Crypto featured a video segment with Sonali Basak. In particular, the video stated that the <a href="https://www.sec.gov/" rel="noopener noreferrer nofollow">SEC</a> is pursuing an interlocutory appeal challenging the court’s verdict that XRP is not a security. Correspondingly, this report triggered a wave of criticism from XRP enthusiasts.</p> 
<p>XRP community members argue that the report misrepresented the situation. They emphasize that Judge Torres had indeed ruled XRP as non-security and that the SEC is not attempting to contest this status.</p> 
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   <p lang="en" dir="ltr">Sonali, if you truly care about reporting accurately, I am willing to come on and explain to your viewers exactly what is being requested by the SEC, Ripple’e response, and if granted, exactly what will be appealed and not appealed. Thank you.</p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1694109203374235659?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2023</a> 
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<p>Prominent attorney John Deaton, who represented the XRP community in the SEC v. Ripple lawsuit, responded to the video. He offered to visit Bloomberg’s studio to clarify the nuances of the case for accurate reporting.</p> 
<p>Accordingly, the SEC’s interlocutory appeal motion has sparked wider interest within the crypto community. The SEC seeks to review Judge Torres’ decision on XRP’s programmatic sales and distributions, asserting that substantial differences of opinion exist in her summary judgment logic. Additionally, the SEC acknowledges in its motion that <a href="https://cryptonewsland.com/ripple-wins-lawsuit/" rel="noopener noreferrer nofollow">XRP and other digital assets are not securities</a>.</p> 
<p>As the case progresses, the controversy surrounding the SEC’s intentions and Bloomberg’s reporting adds an additional layer of complexity to the ongoing legal battle between Ripple and the SEC.</p> 
<p>The XRP community’s vigilance highlights the significance of accurate reporting in the crypto space and underscores the need for clear communication of legal developments that impact digital assets.</p> 
<p>Presently, most XRP holders and crypto traders are regularly analyzing the market to predict the price of XRP. Many expect XRP to reach new <a href="https://cryptonewsland.com/xrp-bulls-in-frenzy-analysts-point-to-potential-127-117-explosion/" rel="noopener noreferrer nofollow">market shattering all-time highs</a> and encourage the community to stay strong.</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/bloomberg-anticipates-sec-delay-on-arks-bitcoin-etf-application/" rel="noopener noreferrer nofollow">Bloomberg Anticipates SEC Delay on ARK’s Bitcoin ETF Application</a></li> 
 <li><a href="https://cryptonewsland.com/secs-bid-to-appeal-xrp-ruling-gains-ground-whats-next/" rel="noopener noreferrer nofollow">SEC’s Bid to Appeal XRP Ruling Gains Ground, What’s Next?</a></li> 
 <li><a href="https://cryptonewsland.com/changpeng-zhao-denies-delisting-all-u-s-based-cryptocurrencies/" rel="noopener noreferrer nofollow">Changpeng Zhao Denies Delisting all U.S. Based Cryptocurrencies</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/secs-appeal-against-judge-torres/" rel="noopener noreferrer nofollow">SEC’s Appeal Against Judge Torres Ruling on XRP Likely to Face Uphill Battle</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrp-community-criticizes-bloombergs-misreporting-on-sec-appeal/">XRP Community Criticizes Bloomberg’s Misreporting on SEC Appeal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Community Criticizes Bloomberg’s Misreporting on SEC Appeal

Crypto News Land

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