{"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&#8217;s intent to challenge the court&#8217;s 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\">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&#8217;s general counsel, Stuart Alderoty, previously mentioned that he wouldn&#8217;t be surprised by the appeal but expressed confidence that the legal classification of the XRP token would remain unchanged.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<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 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/russia-to-monitor-cross-border-crypto-transactions-to-curb-illegal-transfers\/\" title=\"Russia to Monitor Cross-Border Crypto Transactions to Curb Illegal Transfers\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/russiacryptobitcoin-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Russia to Monitor Cross-Border Crypto Transactions to Curb Illegal Transfers<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>XRP&#8217;s 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":[22,24],"tags":[],"class_list":["post-138420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\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 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