The US Securities and Exchange Commission (SEC) left the door open for appeals with its statements regarding the latest decisions taken in the Ripple (XRP) case.
SEC Director of Public Affairs by Scott Schneider on behalf of the regulator Ripple on the developments in his case. in the statement, from the decisions taken pleased that the decision in question states that they are SEC by to appeal will be taken he thought.
Schneider, the court Ripple made by XRP of sales in certain scenarios detecting that there is a sale of securities that they are pleased stated. According to the director’s statements, the court has to determine whether an asset is a security. Howey test use should stated.
In this regard, the court SEC with in a similar direction Ripple’s defense on this matter when expressing an opinion not found suitable. Schneider also argued in the case for ignorance of securities laws. valid One there will be no defense He added that a decision has been made to In this context, the director of public relations that the decision will be reviewed by the regulator reported.
It is thought that the decision to be re-examined further strengthens the possibility of an appeal.
On the other hand, in the case in question, Judge Torres was judged by Ripple. ring made XRP of sales indifferent sale of securities not stated that the company’s own domestic and foreign spending used to meet XRPs also sale of securities to the scope won’t enter had reported. Against this to institutional investors XRP sales made by Torres sale of securities aspect had been described.
Coinecko rapidly gaining value after the announcement of the decision. XRPend 24 per hour 65.5% by gaining value as of writing 0.781 dollars traded at the level.