Wendy
@68a
According to Cointelegraph, RippleLabs has filed a Form C appeal with the US Second Circuit Court of Appeals against a recent ruling by the US Securities and Exchange Commission (SEC). Ripple's Chief Legal Officer, Stuart Alderoty, confirmed the matter in a post on October 25th, adding that "the SEC cannot submit new evidence or demand more evidence from Ripple." The filing came after a ruling made by the Southern District Federal Court in New York in August, which fined Ripple $125 million for institutional XRP sales and ruled that these sales constituted securities trading. @gypsy803
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