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SEC States Ruling on XRP Case Shouldn't Be Considered in New Lawsuit

In a new filing for the lawsuit against Do Kwon and Terraform Labs, the US SEC has stated that the ruling on the XRP case was substantially wrong and shouldn't be taken into account. This comes after the recent court ruling that XRP trades on exchanges are not securities, which the SEC failed to prove Ripple illegally sold tokens worth over $1.4 billion. This ruling has drawn widespread attention in the market.

However, the SEC has now stated that the XRP case ruling cannot be used as a basis for other similar cases. This statement has once again sparked market speculation and attention. Ripple is still striving for a better regulatory environment and continues to advance its blockchain technology and digital currency applications.

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