Ripple Lawsuit News: Better Markets Files Amicus Brief in Support of SEC

The post Ripple Lawsuit News: Better Markets Files Amicus Brief in Support of SEC appeared first on Coinpedia Fintech News

In the ongoing legal battle between the SEC and Ripple, a new development has emerged. Better Markets Inc., a nonprofit organization, has filed an amicus brief in support of the SEC. For context, the SEC has appealed the 2023 ruling, arguing that Judge Torres made errors when deciding that certain sales of XRP on digital asset exchanges were not securities.

To summarize the SEC’s position: they believe the judge wrongly ruled that these “programmatic sales” of XRP were not securities. The SEC argues that these sales should have been considered securities, as they were conducted through exchanges, even though the buyers didn’t directly purchase from Ripple.

#XRPCommunity #SECGov v. #Ripple #XRP @Ripple Better Markets Inc. has filed an Amicus Brief in Support of the @SECGov.https://t.co/cu8lTLBqtM