{"id":617,"date":"2024-10-03T06:02:15","date_gmt":"2024-10-03T06:02:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=617"},"modified":"2024-10-03T06:02:15","modified_gmt":"2024-10-03T06:02:15","slug":"gary-genslers-sec-appeals-2023-ruling-against-ripple-labs-xrp-tanks-10-just-prolongs-complete-embarassment-for-agency-says-company-exec","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=617","title":{"rendered":"Gary Gensler&#8217;s SEC Appeals 2023 Ruling Against Ripple Labs \u2014 XRP Tanks 10%: Just Prolongs &#8216;Complete Embarassment&#8217; For Agency Says Company Exec"},"content":{"rendered":"<div>\n<p>The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against <strong>Ripple Labs<\/strong> that dismissed the agency\u2019s broader claims about <strong>XRP <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) sales.<\/p>\n<p><strong>What Happened<\/strong>: The SEC lodged a notice of appeal aiming to overturn a <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/23\/07\/33219187\/major-victory-for-ripple-xrp-sales-not-classified-as-investment-contracts-judge-rules\">prior decision<\/a> made by Judge <strong>Analisa Torres<\/strong> that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws. <\/p>\n<p>The SEC didn\u2019t immediately respond to Benzinga\u2019s request for comment on the matter.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">(1) The SEC&#8217;s decision to appeal is disappointing, but not surprising. This just prolongs what&#8217;s already a complete &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41157465\/gary-genslers-sec-appeals-2023-ruling-against-ripple-labs-xrp-tanks-10-just-prolongs-compl\" alt=\"Gary\" gensler sec appeals ruling against ripple labs xrp tanks just prolongs embarassment for agency says company exec>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency\u2019s broader claims about XRP (CRYPTO: XRP) sales. What Happened: The SEC lodged a notice of appeal aiming to overturn a prior decision made by Judge Analisa Torres that deemed programmatic sales of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-617","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=617"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/617\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}