Deadline looms for SEC to appeal Ripple ruling: will it?

Published On Sep 30, 2024, 7:10 PM

The future of U.S. crypto regulation is uncertain as the SEC decides whether to appeal a July 2023 ruling that deemed only some of Ripple's sales of the XRP token violated securities laws. The ruling is a significant victory for the crypto industry, countering the SEC's argument that most crypto transactions are securities. Current legal strategies for other crypto entities such as Coinbase and Binance may hinge on this appeal. While some former SEC lawyers believe an appeal is likely, others argue it may not be the best use of the SEC's resources.