US SEC to Appeal Ripple Case Ruling as XRP Drops 6.8% In a significant development for the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the SEC has announced its decision to appeal the court ruling from last year that determined XRP tokens sold in secondary markets were not
Bitcoin World
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Ripple Faces Legal Setback as SEC Appeals XRP Ruling, Price Drops 10%
Ripple’s XRP experienced a sharp 10% drop following the U.S. Securities and Exchange Commission’s (SEC) announcement to appeal a July 2023 ruling that stated XRP sold by Ripple is not a security. The appeal will be heard by the 2nd U.S. Circuit Court of Appeals, rekindling the legal battle over XRP’s classification. Ripple CEO Criticizes … Continue reading "Ripple Faces Legal Setback as SEC Appeals XRP Ruling, Price Drops 10%" The post Ripple Faces Legal Setback as SEC Appeals XRP Ruling, Price Drops 10% appeared first on Cryptoknowmics-Crypto News and Media Platform . Bitcoin World
Uruguay Passes Cryptocurrency Law
Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to offer cryptocurrency services. The law positions Uruguay at the forefront of Latin American countries that have already included crypto in their regulatory frameworks. Uruguay Enacts Bitcoin World