🌐 SEC Intensifies Ripple Lawsuit, Reasserting Claims Against XRP Sales

The U.S. Securities and Exchange Commission (SEC) has ramped up its lawsuit against Ripple, filing a Form C brief accusing Ripple and its executives of aiding and abetting illegal XRP sales. This marks another significant move in the ongoing battle, as the SEC argues that Ripple violated laws by distributing XRP to insiders.

With the crypto community debating whether the SEC met a critical filing deadline, this legal dispute remains a hot topic. Some say the deadline passed on Friday, while others argue it was extended to Sunday. Earlier, a U.S. court had ruled that XRP tokens sold on the secondary market were not securities, a decision the SEC appealed.

Ripple is set to cross-appeal on November 11, and the outcome of this case could have major implications for the regulation of cryptocurrencies and digital assets.

What are your thoughts on the latest developments? 🤔 #CryptoLaw #Ripple #XRP #SEC #CryptoRegulation