US SEC Officially Acknowledges XRP Is Non-Security in New Court Filing

SEC affirms digital assets are not inherently securities but still appeals Ripple landmark victory ruling. Read more on Coin Edition.

Highlights

• The SEC has affirmed that digital assets, including XRP, are not securities.
• This announcement comes as part of the regulatory body’s motion to appeal the Ripple victory ruling.
• On July 13, a U.S.
• court upheld that neither of these transactions qualifies as securities.
• Meanwhile, the SEC has initiated an interlocutory appeal of the court’s ruling.
• Ripple is required to submit its response to the SEC’s motion on September 1.

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