Comment on SEC appeals Ripple lawsuit ruling that found XRP not a security

SEC appeals Ripple lawsuit ruling that found XRP not a security

The United States Securities and Exchange Commission (SEC) has filed an appeal seeking to overturn Judge Analisa Torres ruling that the cyrtocurrency Ripple (XRP) is not a security. In mid-July, the judge ruled that XRP was not a security. In a Sep. 4 filing in the US District Court for the Southern District of New York, Ripple’s lawyers wrote that the SEC had agreed to a request to delay payment of the $125 million fine until after the time to appeal expires or any appeal is resolved.

 

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