The United States Securities and Exchange Commission (SEC) has appealed the Ripple case, drawing criticism from Ripple Chief Legal Officer Stuart Alderoty. The SEC argues that allowing the appeal would benefit all parties involved and conserve resources. However, the regulator also suggests that this appeal could open the door for Ripple to seek a review regarding institutional sales. Ripple recently acquired Web3 infrastructure startup Fortress Trust, with the aim of enhancing its customer experiences for enterprises. Despite these developments, XRP’s price performance remains relatively stable. Readers are advised to verify facts independently before making any decisions.
AI Sentiment: Negative
