Investing
SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit
© Reuters.
The United States Securities and Exchange Commission (SEC) has suggested it may appeal a recent ruling in its case against Labs, which deemed XRP (XRP) not to be a security when sold to retail investors.
The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey test, which determines what falls under the category of an investment contract.
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