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Ripple Unleashes Nuclear Option: You Won’t Believe Their Desperate Attempt to Save XRP From Total Annihilation by the SEC

Crypto NewsEnforcement DirectorateFeatured Linda Williams October 30, 2024

A illustration depicting a giant XRP coin being shielded by two overlapping scales - one with an American flag, representing security laws, and another with the US dollar sign, symbolizing financial freedom. A faint image of a court room can be seen in the background, while Stuart Alderoty is shown standing confidently beside Ripple's logo.

The never-ending saga that’s cryptocurrency: where do we draw the line between genius innovation and SEC-induced insanity? In all seriousness, folks, let’s talk about what just went down with Ripple vs. the US Securities Exchange Commission (SEC). Their latest move – filing a cross-appeal against the agency – is either an attempt to keep XRP from being classified as a security or a masterclass in PR spin. Either way, it’s been quite the wild ride.

Source: bitcoin.com

Ripple Escalates SEC Battle, Defends XRP's Non-Security Classification
https://news.bitcoin.com/ripple-escalates-sec-battle-defends-xrps-non-security-classification
Ripple has filed a cross-appeal against the SEC, with its legal chief insisting that XRP’s non-security status remains untouchable due to strict court review limits. Ripple’s chief legal officer, Stuart Alderoty, announced on social media platform X on Thursday that Ripple has submitted Form C to outline issues for its cross-appeal against the U.S. Securities and Exchange Commission (SEC). “Today, Ripple filed a Form C — listing the issues we […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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