Ripple execs lash out at SEC’s refusal to postpone appeal filing
The US Securities and Exchange Commission (SEC) will undergo leadership changes on January 20, but it continues to pursue current enforcement cases, including an appeal against Ripple. Ripple's legal officer stated that the SEC will not delay its brief filing related to a judgment that found Ripple liable for $125 million for using XRP as an unregistered security. Ripple's CEO suggested potential changes in the SEC's crypto enforcement strategy following the new administration. The case against Ripple, initiated in December 2020, is set for appellate court review after a judge ruled that XRP may not qualify as a security. The future of the SEC's case under the new leadership remains uncertain. Ripple has made significant political contributions, including $45 million to a pro-crypto PAC and an additional $25 million for future elections.
