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The SEC is appealing a federal court’s ruling on Ripple
The fight over XRP continues.
The Securities and Exchange Commission (SEC) is appealing a federal judge’s ruling in its yearlong legal battle against Ripple over sales of its XRP token. In August, a federal judge in the Southern District of New York fined Ripple $125 million despite the SEC asking for a much higher penalty of $2 billion. A day prior, Bitwise Asset Management Inc. submitted a filing to the SEC for an exchange traded fund that invests directly in XRP, Bloomberg reports.
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