The United States Securities and Exchange Commission (SEC) is considering appealing the court’s decision that Ripple Labs’ cryptocurrency, XRP, is not a security. The SEC believes that the court violated fundamental securities laws principles with its ruling. The outcome of this case could set a precedent for future regulatory actions in the crypto industry. If the SEC decides to appeal, it could prolong the regulatory ambiguity surrounding XRP and potentially create tensions between the crypto business and government agencies. This may make it more challenging to create regulations that promote innovation and protect investors. The article also mentions that the SEC has commented on another lawsuit involving Terraform Labs and its founder, Do Kwon, for allegedly orchestrating a multi-billion dollar crypto asset securities fraud.
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