News View Non-AMP

Ripple Files Cross-Appeal Against SEC, Will XRP Finally Win?

Published by
Zameer Attar

In the ongoing legal battle, Ripple filed a “cross-appeal” on October 10, 2024, following the United States Securities and Exchange Commission’s (SEC) recent appeal earlier this month. With this cross-appeal, both Ripple’s and SEC’s appeals will now be handled together in one case.

Ripple Challenges Court’s Decision

Ripple’s cross-appeal seeks to overturn the court’s decision that the sale of XRP to investors didn’t violate any securities laws.

Additionally, this is in response to the court order requiring Ripple to pay $125 million for selling XRP to investors. However, this penalty is significantly lower than the SEC’s earlier $2 billion demand, though it remains much higher than Ripple’s $10 million offer.

Can Ripple Win Against the SEC?

Amid these ongoing developments, Ripple’s chief legal officer, Stuart Alderoty made a post on X (previously Twitter) that gained massive attention from the crypto community. In a post on X, Alderoty noted that SEC lost on all key points which might be the potential reason behind its recent appeal. Additionally, Ripple’s recent cross-appeal aims to ensure that they have addressed all possible issues in their legal battle with the US SEC.

However, Alderoty believes that the SEC may argue that the sale of XRP on the exchanges and its distributions to employees and developers should be considered as securities.

Based on the previous court judgment, he is confident that Ripple will win the case again and hopes to see the court reject the SEC’s recent attempts, particularly those led by SEC Chair Gary Gensler.

CEO Brad Garlinghouse’s Take

Following all these, Ripple CEO Brad Garlinghouse said that the US SEC only trying to cause a problem and confusion instead of forming clear rules for the crypto industry.

As he added, “With our cross-appeal today, we’re looking forward to sealing the SEC’s fate and finally putting an end to the SEC’s regulation-by-enforcement agenda.”

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Ledger and Chorus One to Boost ETH Staking with MEV Max Integration

Ethereum staking has grown from a niche activity into a foundational element of the blockchain…

June 26, 2025

XRP Lawsuit News: Judge Halts $50M Ripple-SEC Deal

Just when it looked like Ripple SEC case were moving closer to wrapping up their…

June 26, 2025

New Crypto Coin Targets 11,300% in Weeks, Can It Challenge Cardano’s (ADA) Potential?

Mutuum Finance (MUTM) is surging through its presale, hitting Phase 5 with a token price…

June 26, 2025

Can This Meme Coin Give You Better Returns Than Pepe Coin (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE) in 2025?

The crypto space is highly dynamic, and in many cases, the meme coins attract a…

June 26, 2025

XLM Crypto Price Eyes Breakout as Bullish On-Chain Signals Emerge

The Stellar (XLM) price has shown signs of stabilizing after a bearish June, with prices…

June 26, 2025

Top 3 AI Crypto Coins to Watch in 2025, Research Analysis -Prediction

In Brief Virtual Protocol is leading the AI agent wave with real traction, viral frameworks,…

June 26, 2025