The U.S. Securities and Exchange Commission (SEC) is seeking appeals court intervention in its court dispute with Ripple over whether Ripple violated securities law by making XRP available to retail investors on crypto exchanges. The SEC has argued that the issues in the case have industry-wide significance and are of special consequence. The SEC filed a response to Ripple’s opposition memo, after Judge Analisa Torres ruled in July that Ripple violated federal securities law in selling XRP to institutional investors but not retail investors. The SEC aims to speed up the resolution of the case by presenting its appeal to the Second Circuit Court of Appeals.
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