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Insiders: SEC Still Bent on Fighting Ripple, XRP Despite Waiving Trial

Published 21/10/2023, 16:18
Insiders: SEC Still Bent on Fighting Ripple, XRP Despite Waiving Trial
XRP/USD
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Coin Edition -

  • The U.S. SEC remains committed to contesting XRP’s regulatory status.
  • Insiders in the SEC confirmed the development amid the regulator’s dismissal of charges against Ripple executives.
  • The charge dismissal implies the scheduled April 2024 trial has become redundant.

Fox Business journalist Eleanor Terrett has disclosed that while the U.S. regulator has dismissed charges against Ripple executives, they are still pursuing other aspects of the case.

In a recent tweet, Terrett revealed that the U.S. SEC has no intentions of abandoning various aspects of the case between it and Ripple Labs, particularly its classification of all XRP offers and sales as securities. Terrett cited insiders within the SEC as the source of the information.

“Seems Gary Gensler [SEC chairman] isn’t going down without a fight,” the Fox Business journalist remarked.

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