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The Securities Exchange Commission (SEC) has formally appealed the XRP ruling made by Judge Analisa Torres, reigniting a legal battle over whether XRP sales by cryptocurrency exchanges qualify as securities. The regulator has challenged key aspects of the court's ruling, including the purge of Ripple's corporate executives and non-cash XRP distributions. The outcome could have major implications for the future of cryptocurrency regulation.
On September 14, according to Cointelegraph, New York State Rep. Ritchie Torres argued that U.S. regulators should not try to ban election betting contracts, but should instead focus on regulating them to prevent bad actors from gaining market share. In a recent letter to Commodity Futures Trading Commission (CFTC) Chairperson Rostin Behnam, Ritchie Torres wrote: "I am asking the Commission to consider developing a plan to regulate these markets, rather than prevent them from...
9月14日消息，据Cointelegraph报道，纽约州众议员Ritchie Torres认为，美国监管机构不应该试图禁止选举博彩合约，而应该集中精力监管这些合约，以防止不良行为者获得市场份额。 RitchieTorres在最近写给美国商品期货交易委员会(CFTC)主席Rostin Behnam的一封信中写道：“我要求委员会考虑制定一项计划来监管这些市场，而不是阻止它们...
District Judge Analisa Torres for the Southern District of New York has ruled that Ripple's programmatic sales of XRP to retail customers through its trading platform did not violate federal securities laws. But Ripple's 1,278 institutional sales violated securities laws and imposed a $125.035 million fine, well below the $1 billion in recovery and pre-judgment interest and a $900 million civil penalty required by the SEC. Although the case is said to be closed, the Securities Exchange Commissio...
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