The ongoing legal confrontation between Ripple and the United States Securities and Exchange Commission (SEC) is poised to advance to its subsequent phase. This shift is expected to occur as the SEC submits its pre-argument statement.
The SEC has initiated this phase by appealing a 2023 federal court decision, which determined that XRP tokens should not be classified as a security. This appeal marks a critical juncture in the legal proceedings.
The outcome of this appeal might set significant precedence for the status of XRP and potentially impact the broader cryptocurrency market's regulatory landscape in the United States.
