Ripple Labs is ready to face a crucial battle with the U.S. Securities and Exchange Commission (SEC) regarding its token identity. The lawsuit, which is slated to be held in October, will determine whether the token is a security or not. The case, which was filed by the SEC in December 2020, has yet to get a concrete answer.Considering the impact between the two parties, many took to X to vent their emotions and remained divided on whether the <a href="https://cryptotale.org/bny-mellon-nears-crypto-etf-custody-amid-sec-exemption/" rel="noopener noreferrer nofollow">SEC</a> would continue the appeal. Ripple&#39;s Legal Officer, Stuart Alderoty, <a href="https://twitter.com/s_alderoty/status/1834588512869593310" rel="noopener noreferrer nofollow">stated</a> that the case on Ripple was over, but the &#39;fair notice&#39; defense was still alive. Alderoty asserted that Ripple would win the case, even if it reached the Supreme Court.However, Marc Fagel, a retired securities lawyer, stated that the appeal, if filed, will go to the 2nd Circuit Court of Appeals and not the Supreme Court. He added that the decision from the 2nd Circuit Court of Appeals would take about 10-11 months and later on move to the Supreme Court.Earlier, Judge Analisa Torres ruled that <a href="https://cryptotale.org/ripple-mints-485-rlusd-tokens-on-ethereum-and-xrpl-networks/" rel="noopener noreferrer nofollow">Ripple</a> did not violate the SEC regulations concerning its programmatic sales of XRP to investors. However, she added that the token had violated its institutional sales.<a href="https://cryptotale.org/xrp-vs-sec-ripple-awaits-lawsuit-appeal-as-deadline-looms/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP vs SEC: Ripple Awaits Lawsuit Appeal as Deadline Looms

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