{"id":138420,"date":"2024-10-03T00:38:21","date_gmt":"2024-10-02T21:38:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138420"},"modified":"2024-10-03T00:38:27","modified_gmt":"2024-10-02T21:38:27","slug":"sec-moves-to-appeal-ripple-case-ruling-xrp-price-declines","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-moves-to-appeal-ripple-case-ruling-xrp-price-declines\/","title":{"rendered":"SEC Moves to Appeal Ripple Case Ruling, XRP Price Declines"},"content":{"rendered":"<p>Reports indicate that speculation surrounding the agency\u2019s intent to challenge the court\u2019s decision had been circulating for some time. However, the SEC kept the community uncertain until just before the deadline for the <strong><a href=\"https:\/\/www.courtlistener.com\/docket\/19857399\/securities-and-exchange-commission-v-ripple-labs-inc\/?page=6\" rel=\"nofollow\">appeal<\/a><\/strong>, which is set for October 7.<\/p>\n<p>Last year, U.S. District Court Judge Analisa Torres ruled that secondary sales of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>are not classified as securities, a significant victory for Ripple. Nonetheless, the distinction between programmatic and institutional sales remains a contentious issue.<\/p>\n<p>In recent weeks, analysts have debated the likelihood of the SEC taking this action. Ripple\u2019s general counsel, Stuart Alderoty, previously mentioned that he wouldn\u2019t be surprised by the appeal but expressed confidence that the legal classification of the XRP token would remain unchanged.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-138393\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>XRP\u2019s price has dropped nearly 6.7%, making it one of the poorest performers among the top 100 cryptocurrencies, currently trading at $0.55. It\u2019s worth noting that the current ruling is unlikely to be revised before 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has opted to file an appeal regarding the Ripple case.<\/p>\n","protected":false},"author":7,"featured_media":138422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[108,223],"coin_category":[],"class_list":["post-138420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-price","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Moves to Appeal Ripple Case Ruling, XRP Price Declines<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission (SEC) has opted to file an appeal regarding the Ripple case.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/sec-moves-to-appeal-ripple-case-ruling-xrp-price-declines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Moves to Appeal Ripple Case Ruling, XRP Price Declines\" \/>\n<meta property=\"og:description\" content=\"The U.S. Securities and Exchange Commission (SEC) has opted to file an appeal regarding the Ripple case.\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-02T21:38:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-02T21:38:27+00:00\" \/>\n<meta property=\"og:image\" 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