🛎The US Securities and Exchange Commission is now under intense scrutiny following its appeal of XRP with one analyst predicting that Ripple will reach a new ATH price regardless.
The US Securities and Exchange Commission (SEC) is set to continue its legal action against Ripple Labs after the agency filed a notice of appeal with the Second Circuit Court of Appeals.
As reported on October 3, Ripple is committed to defending itself vigorously.
Last year, US District Judge Analisa ruled that the sale of XRP to retail investors via exchanges does not violate federal securities laws.
However, more than a year later, the SEC remains unsatisfied, claiming that the ruling contradicts established legal precedents set by the Supreme Court.
