Ripple CLO: SEC Appeal Wouldn't Change XRP's Legal Status
CryptoNewsTerminal Staff15 Aug, 2024
Ripple CLO: SEC Appeal Wouldn't Change XRP's Legal Status
Ripple's Chief Legal Officer (CLO), Stuart Alderoty, believes the SEC may appeal the recent court ruling in the SEC v. Ripple case. However, he emphasizes that such an appeal wouldn't alter XRP's legal status as a security or non-security. This follows the U.S. court's ruling on August 8, ordering Ripple to pay a $125 million penalty, concluding the four-year legal battle.