Reported about 12 hours ago
Better Markets has filed a brief supporting the SEC's appeal in the ongoing legal battle against Ripple Labs, emphasizing the risks posed to retail investors by a 2023 court ruling that deemed Ripple's XRP sales as not violating securities laws. The SEC argues that Ripple's actions misapplied the Howey Test and advocates for stronger protections for retail investors who may be misled by Ripple’s marketing strategies. The appeal has significant implications for the regulatory framework surrounding cryptocurrencies and the future of Ripple.
Source: YAHOO