Although the prolonged courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) may be over, the regulator does not seem keen on giving up just yet, and it has recently appealed the key ruling in the case.

XRP's price crashed hard toward $0.5 after the SEC's appeal.

The SEC has appealed a court ruling favoring Ripple Labs in their ongoing legal battle over XRP's status as a security, causing the cryptocurrency's price to drop while Ripple vows to continue fighting and considers a cross-appeal.

Ripple's XRP token has experienced a sharp decline, losing over 10% of its value in the past 24 hours. The price drop follows the United States Securities and Exchange Commission's (SEC) filing of a notice of appeal on October 2, challenging the previous judgment in favor of Ripple.

The U.S. Securities and Exchange Commission (SEC) has moved to challenge the court's ruling in its ongoing case against Ripple Labs, according to a report by Nikhikesh De for CoinDesk.

Ripple's Chief Legal Officer, Stuart Alderoty, criticized the SEC's appeal, calling it an extension of the agency's “litigation warfare”.

Ripple Labs will fight the United States Securities and Exchange Commission's appeal of the court ruling that determined retail XRP sales were not in violation of securities laws. In an Oct.

The ongoing Ripple-SEC legal battle took another turn as the U.S. Securities and Exchange Commission (SEC) officially announced its appeal of a federal judge's ruling against the agency. The appeal comes just two months after Judge Analisa Torres issued her final judgment in the SEC's four-year-old case against Ripple.

The US Securities and Exchange Commission (SEC) has opted to appeal a crucial court ruling that categorizes XRP tokens as non-security. This appeal had a direct impact on the price of XRP tokens.

The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against the historic ruling by Judge Analisa Torres in the Ripple case.

The SEC appealed a 2023 ruling in its lawsuit against Ripple, seeking to overturn Judge Torres' decision that XRP token sales in secondary markets did not qualify as securities.

Bitwise Asset Management has boosted community confidence by filing for XRP ETP. Earlier the firm made announcements about launching an ETF, however amidst the ongoing SEC vs Ripple case, they decided to go with the ETP option. The market intelligence platform Santiment shared insights about XRP ETP filling by Bitwise.

Ripple, a key player in the cryptocurrency arena, has made significant strides by securing an in-principle financial services license from the Dubai Financial Services Authority (DFSA). This crucial approval allows Ripple to broaden its footprint in the United Arab Emirates (UAE), further enhancing its capacity to deliver cross-border payment solutions.

Just as optimism was about to surge, clouds rolled in, pushing prices lower.

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Bitwise has taken a significant step by filing for the first-ever Spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The trust, registered in Delaware, aims to provide investors with direct exposure to XRP's value, which will reflect the coin's price minus operational costs.

Market Overview: In the past day, the value of the world's cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume.

The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency's broader claims about XRP (CRYPTO: XRP) sales. What Happened: The SEC lodged a notice of appeal aiming to overturn a prior decision made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws.

After teasing a potential macro bullish breakout earlier this week, Ripple Labs-backed XRP price dropped over 11 percent in the past 24 hours to retest the crucial support level of around 54 cents on Thursday during the early Asian session.

Ripple's native crypto, XRP price dropped by a massive 10% as the US Securities and Exchange Commission (SEC) announced that is taking the legal battle to the 2nd U.S. Circuit Court of Appeals. The commission is appealing a July 2023 ruling that declared XRP sold by Ripple Labs is not a “security”.

The crypto prices today have shown a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price rested at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a waning trajectory.

Ripple CEO Brad Garlinghouse stated that his company would fight in court "as long as it needs" in his Thursday statement regarding the U.S. Security and Exchange Commission's appeal.

The U.S. Securities and Exchange Commission (SEC) revealed on Wednesday its intention to challenge a federal judge's decision in the ongoing case against Ripple.

San Francisco-based fintech firm Ripple has vowed to keep battling with United States securities regulators following the latest appeal.

XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase.

XRP's value dropped over 10% on Thursday after the SEC filed an appeal against the court's decision in its lawsuit against Ripple. This follows Judge Analisa Torres's final ruling on Aug. 7, imposing a $125m penalty on Ripple, far less than the SEC's initial $2b demand.

The United States Securities and Exchange Commission (SEC) filed a notice of appeal on Judge Analisa Torres' August 7, 2024, ruling in the court of appeal for the second circuit. The US SEC filed an appeal case against Ripple and its top executives led by CEO, Brad Garlinghouse, and the company's executive chairman Chris Larsen.

Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.

Key Points:

Ripple CEO Brad Garlinghouse vowed to fight the SEC's new appeal in a case one lawyer suggests could be dragged into early 2026.

Ripple braces for extended legal battle as SEC appeals, impacting XRP market sentiment and price trends.

XRP Lawsuit: Ripple's Chief Legal Officer, Stuart Alderoty, has voiced his frustration with the U.S. Securities and Exchange Commission (SEC) following the agency's recent notice of appeal. Ripple is now contemplating filing a cross-appeal, potentially targeting both Judge Analisa Torres' ruling on institutional sales or the $125 million penalty imposed in August.

Ripple's potential cross-appeal could prolong legal uncertainty, impacting regulatory clarity and market dynamics in the crypto industry. The post Ripple may file a cross-appeal to challenge SEC's legal move appeared first on Crypto Briefing.

In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets. The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined that the XRP token, sold by Ripple Labs on public exchanges, does not qualify as a security under existing laws.

Ripple (XRP) price suffered a harsh reversal this week as sentiment in the crypto industry waned, and as geopolitical risks rose. After surging to $0.6647 last week, Ripple has retreated for four consecutive days and was trading at $0.5417, its lowest point since September 12.

Market expert EGRAG Crypto has laid out an optimistic forecast for XRP, emphasizing the importance of a key price level he calls the Genuine Wake-Up Line (GWUL). According to EGRAG, XRP is on the brink of a critical moment that could see its price climb above $1.50 in the near term, setting the stage for even higher targets.

The U.S. Securities and Exchange Commission (SEC) has filed a formal notice of appeal against Ripple Labs in the U.S. Court of Appeals for the Second Circuit. The appeal follows a district court's ruling in August, which the SEC argues contained significant legal errors. SEC Challenges Ripple Labs Ruling in U.S.

The Securities and Exchange Commission (SEC) has announced its decision to appeal a federal court ruling in its prolonged legal battle against Ripple Labs and XRP. The SEC's notice of appeal, filed with the Second Circuit Court of Appeals on Oct.

The cryptocurrency world keeps a close watch on XRP, many are curious about its price trajectory leading up to 2025. The ongoing legal battle between Ripple, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC) has significant debate and speculation.

Asset management firm Bitwise is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), offering investors direct exposure to XRP through traditional brokerage accounts. “XRP has been an enduring crypto asset that many investors want exposure to,” said the CEO of Bitwise.

The SEC's lawsuit against the crypto payments company has been ongoing since late 2020.

Thanks to a bullish prediction by analyst EGRAG Crypto, XRP is now causing ripples in the crypto market again. He has recently done an analysis that shows the token is approaching a critical juncture.

"We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law," an SEC spokesperson said.

The Securities and Exchange Commission first filed the lawsuit against Ripple Labs and both its founders in December 2020.

The U.S. Securities and Exchange Commission announced it would appeal a federal judge's ruling in its case against Ripple on Wednesday.

Ripple is gearing up for a crucial period of regulatory reviews and market integration. To maintain parity, Ripple has been simultaneously minting RLUSD on the Ethereum network.

Bitwise XRP ETF uses the cash-create technique or exchanges cash for shares. The crypto asset manager was an early entrant in the Bitcoin spot ETF market in January.