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Ripple Slams SEC’s “Lawless” Tactics as XRP Case Heads to Appeals

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  • Ripple secures $125M escrow as XRP case heads to appellate courts.
  • SEC faces backlash over unclear crypto rules amid Ripple’s criticism.
  • XRP’s non-security status ruling fuels demands for regulatory clarity.

Ripple’s legal battle with the SEC intensifies as both parties prepare for appeals. With $125M in escrow, Ripple demands clearer crypto regulations.

Ripple’s Stuart Alderoty Criticizes SEC’s “Lawless” Tactics

Ripple’s Chief Legal Officer, Stuart Alderoty, has accused the SEC for alleged misuse of its enforcement powers. He said the agency was more inclined towards prioritizing litigation related agendas rather than following the law. This critique has reignited concerns over how the SEC plans on regulating the cryptocurrency industry.

Ripple argues that the SEC’s methods lack consistency and transparency which has further created uncertainty in the industry. Alderoty explained how the agency has used litigation positions to achieve its objectives instead of providing clear directions. This criticism comes amid Ripple’s ongoing legal battle with the SEC, which has major influence on the market.

XRP Case Heads to Appeals, Ripple Sets $125M for Potential Remedies

The lawsuit between Ripple and the SEC is  set to continue, with appeals expected to extend well into 2025. The commission is challenging an earlier court’s decision in 2023 that ruled XRP is not a security. Ripple has also filed a cross-appeal to contest some classifications made by the SEC.

Ripple has set aside $125 million in an escrow account in preparation for potential outcomes of the case. This move indicates the high stakes of the case which could change the trend in regulation of digital assets. The attention of industry participants remains highly focused as the legal processes unfold.

Ripple Demands Urgent Crypto Regulatory Clarity

Ripple has emphasized the need for a transparent and consistent regulatory framework for the cryptocurrency industry. The company criticized the SEC’s reliance on enforcement actions which has reduced market confidence and discouraged innovation. Ripple’s leadership advocates for an approach that balances regulation with clear policies.

Industry leaders and legal experts have echoed Ripple’s concerns to urge the SEC to adopt a more structured regulatory framework. Ripple’s partial victory in 2023 was seen as a step toward clarity, although the ongoing appeals have left the future of crypto regulation uncertain. The outcome of this case is expected to shape the direction of the U.S. digital asset market.