A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
A federal judge has let the U.S. Securities and Exchange Commission argue it can appeal against her ruling that Ripple didn’t violate securities laws in making XRP available to retail traders by putting it on exchanges.
The price of XRP did not seem to react much to the order itself, though it is down roughly 4% over the past 24 hours, according toThe SEC has a steep hill to climb in getting approval from Judge Torres, said ConsenSys Senior Counsel and Director of Global Regulatory Matters Bill Hughes.
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