XRP’s legal status remains unchanged despite the recent appeal by the U.S. Securities and Exchange Commission (SEC), according to Ripple’s legal chief. The core ruling that declared XRP not a security still stands, and Ripple plans to file a cross-appeal to challenge the ruling on institutional sales. This ongoing legal battle between Ripple and the SEC could potentially reshape cryptocurrency regulations and have significant implications for the classification and regulation of digital assets. Both parties are preparing for a prolonged appeals process, and Ripple’s chief legal officer has encouraged everyone to stay tuned for their upcoming filing.
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XRP’s Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike
