US Securities and Exchange Commission (SEC), Ripple 
$0.556934He submitted his appeal in the ongoing case against . However, discussions began about the timing of the application. Some claim that the SEC missed the deadline for filing.
Content of the Appeal Application
The SEC’s appeal focuses on Ripple’s XRP sales on digital platforms. Additionally, how Ripple executives contributed to these sales is also under the spotlight. These issues are among the main elements of the appeal.
Disagreements on History
It was a matter of debate whether the application date was made on time or not. Some commenters question whether the application is based on the filing date or the time the documents were recorded. This situation has led to disagreements between the parties.
Ripple CEO Brad Garlinghouse stated that the SEC created the rules on its own and criticized this process.
Focus of Judgment
The SEC is not appealing the previous $125 million fine. Instead, it focuses on XRP’s selling methods and the role of Ripple executives. This approach shows that the SEC is evaluating from a broader perspective.
Retired securities attorney Marc Fagel said the SEC’s appeal was an expected step. The content of the application focuses on the method of sale, not whether XRP is a security or not.
This case is being followed closely in the digital asset world. Legal regulations and companies’ compliance with these regulations may also affect similar cases in the future. This process between Ripple and the SEC will shed light on the future of the digital asset market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
