XRP Ruling: Legal Expert Predicts Timeline For US SEC Appeal

Also Read: Tesla Retains Dogecoin As Payment Option; Removes Bitcoin

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Meanwhile, Ripple is moving ahead with its expansion plans in Europe after the historic win in the SEC case. Earlier on Friday, CoinGape reported that the company applied for a crypto asset firm license with the UK’s Financial Conduct Authority (FCA) as well as a payment institution license with Ireland regulators.

Will The US SEC Request For Appeal Against XRP Ruling?

According to Bill Hughes, a lawyer with crypto wallet MetaMask’s developer ConsenSys, the federal regulatory agency will have to act quickly if they were to stand a chance to appeal against Judge Torres’ decision. Hughes explained that very soon the SEC would have to inform the district court that it wishes to appeal the summary judgment and seek permission to do so. If permitted, the SEC officials could present an argument as to why they need to appeal.

Also Read: Binance’s Half-Year Report 2023 Condensed: A Resilient Market Amidst Turbulence

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