Crypto News

Ripple's Cross-Appeal: Potential Impact on Crypto Regulations The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn. Ripple has recently filed a notice of cross-appeal in response to the SEC's lawsuit against the company, which could have significant implications for the crypto industry as a whole. Let's take a closer look at what this cross-appeal means and how it could impact the future of crypto regulations. What is Ripple's Cross-Appeal? In December 2020, the SEC filed a lawsuit against Ripple, claiming that the company had violated securities laws by selling XRP tokens to investors. Ripple has consistently denied these allegations and has now filed a notice of cross-appeal in response to the SEC's lawsuit. This means that Ripple is challenging the SEC's decision to classify XRP as a security and is seeking to have the case dismissed. Impact on Digital Asset Classification The outcome of Rip...