• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, August 20, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Ripple’s Chief Legal Officer Dismisses SEC’s Appeal Concerns Following Landmark Decision

26 July 2023
in Latest News, News
Reading Time: 3 mins read
103 6
Ripple's Chief Legal Officer Dismisses SEC's Appeal Concerns Following Landmark Decision

source: news.bitcoin.com

Stuart Alderoty, the Chief Legal Officer of Ripple, has firmly dismissed concerns over a potential appeal by the U.S. Securities and Exchange Commission (SEC) in the wake of a recent groundbreaking decision in favor of Ripple Labs.

The judgement came on July 13, 2023, when Judge Analisa Torres ruled that XRP is not a security when sold to the general public on cryptocurrency exchanges and should only be deemed a security when given to institutional investors.

Following the verdict, the SEC expressed its discontent and hinted at the possibility of appealing the split-decision ruling.

In a TechCrunch podcast on July 26, 2023, Alderoty reiterated his belief that the XRP token should not be classified as an investment contract. He emphasized that the Ripple team remains resolute and unyielding in the face of any legal actions brought forth by the SEC.

According to court documents, SEC’s lawyers disagreed with parts of the Judge’s decision and urged the Court not to adhere to it. They argued that XRP retail transactions should have been treated as securities. The regulatory body, however, noted that they are considering various options for additional reviews and intend to recommend a study on the matter.

Despite the SEC’s stance, Alderoty stood firm in his agreement with the judgment, stating, “We think the judge got that right, and we think that was a faithful application of the law, and I think a court of appeals will not only affirm that but maybe even amplify that to an even greater extent.“

Alderoty projected that the SEC might face setbacks in its ongoing lawsuits seeking to classify crypto assets as securities. He firmly asserted that the SEC’s position is misguided and expressed confidence that other judges will find comfort in their case and the judgment provided by Judge Torres.

However, despite his optimism, Alderoty cautioned that the cryptocurrency industry in the United States still lacks a solid regulatory footing. He criticized the SEC’s “regulation by enforcement” approach, saying it has resulted in the U.S. falling behind other countries regarding crypto regulation.

Alderoty emphasized that Ripple, like many others in the crypto space, seeks a clear, comprehensive, and coherent regulatory framework for cryptocurrencies in the United States. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: RippleSECXRP
Share63Tweet40Share11
Durotimi Aribisala

Durotimi Aribisala

Durotimi is a writer who is interested in writing about emerging technologies such as blockchain, Web3, crypto, and AI. He studied business administration and management. He desires to be an entrepreneur and movie director sometime in the future.

Related Posts

source: news.bitcoin.com
AI

Bitget Launches AI-Powered Trading Assistant GetAgent to All Users

19 August 2025
source: financefeeds.com
Stablecoin

Tether Taps Former White House Crypto Council Director Bo Hines to Spearhead U.S. Strategy

19 August 2025
Ripple Partners with OpenEden to Offer Tokenized US Treasury Bills on XRPL
Regulation

Ripple Extends $75M Credit Line to Gemini Ahead of Planned Nasdaq IPO

19 August 2025
source: cnbc.com
Crypto

Chamath Palihapitiya Backs New $250M SPAC Targeting Crypto and Tech Deals

19 August 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

Your Weekend Crypto Roundup | August 2025 (Week 3)

4 days ago

Ripple vs. SEC Nears Final Countdown: Will August 15 End Crypto’s Longest Court Battle?

1 week ago

Cardano Price Prediction 2025–2030: Decentralized Governance, Technical Upgrades, and Investment Outlook

1 week ago

Your Weekend Crypto Roundup | August 2025 (Week 2)

2 weeks ago

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

2 weeks ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

3 weeks ago
Read More

Events

CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Bitpanda Launches DeFi Wallet to Power Europe’s Journey to an Onchain Future

bychainwire
19 August 2025
0

R0AR Announces Node Sale: Democratizing Layer 2 Infrastructure While Rewarding Community Participation

bychainwire
19 August 2025
0

Lisbon Welcomes Global Icons to Crypto Content Creator Campus 2025: Nuseir Yassin, Dr. Maye Musk, and More to Lead the Stage

bychainwire
19 August 2025
0

Ethereum Meme Coin Pepeto Crosses $6,200,000 Million in Presale Upon Listing

bychainwire
19 August 2025
0

1inch pioneers Solana cross-chain swaps, unlocking seamless interoperability

bychainwire
19 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00