The U.S. Securities and Exchange Commission (SEC) is considering challenging the court ruling that favored Ripple in their legal battle over the sale of XRP tokens. The SEC stated that it is exploring options for further review of the decision. The SEC’s comments were made in a separate case involving Terraform Labs co-founder Do Kwon, where the SEC cited the Ripple ruling as a precedent. The SEC called the court ruling in the Ripple case a “wrongful decision” and intends to recommend seeking review. This development has implications for the status of XRP as a security.
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