Big news dropped today in the ongoing SEC vs. Ripple case! The SEC officially declined to postpone their filing deadline and submitted their opening brief for the appeal. This follows the July 2023 ruling that XRP is not a security when sold to the public on digital exchanges but is a security in institutional sales.
The SEC’s appeal is now in motion, and this decision not to delay shows their determination to push forward. However, with the recent election of President Donald Trump and the expected appointment of Paul Atkins, a pro-crypto advocate, as the new SEC Chair, we could see a shift in the regulatory landscape. Many are speculating that a more crypto-friendly approach may influence the trajectory of this case.
Meanwhile, XRP’s price surged to an all-time high of $3.02 📈, reflecting investor confidence and optimism about this appeal and the broader implications for crypto. The case is becoming a cornerstone for the future of digital asset regulation in the U.S.
All eyes are now on how the courts will handle this appeal and what this means for the industry as a whole.
What do you think? Is the SEC doubling down, or are they running out of options? Let’s talk about it below! 👇