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ستستأنف هيئة الأوراق المالية والبورصة (SEC) دور المديرين التنفيذيين لشركة Ripple في مبيعات XRP
قدمت هيئة الأوراق المالية والبورصات (SEC) بيانًا تمهيديًا للاستئناف المدني (النموذج C)لاستئناف قرار المحكمة السابق في قضية Ripple . قال ستيوارت ألديروتي، كبير المسؤولين القانونيين Ripple ، إن الشركة ستقدم نموذجها C الأسبوع المقبل. وأوضح أيضًا أن حكم المحكمة بأن " XRP ليس ورقة مالية" لم يتم الطعن فيه.
لا توجد مفاجآت هنا - لقد تم توضيح الأمر مرة أخرى. حكم المحكمة بأن " XRP ليس ورقة مالية" لم يتم استئنافه. وهذا القرار يمثل قانون الأرض.
ترقبوا تقديم النموذج C من Ripple الأسبوع المقبل. https://t.co/m9molUGSBv
— ستيوارت ألديروتي (@s_alderoty) 18 أكتوبر 2024
The pre-argument statement is considered an early step in the appeal process. It has been filed in the United States Court of Appeals for the Second Circuit, under case number 24-2648.
The Securities and Exchange Commission (SEC) alleged that Ripple Labs, along with its executives Bradley Garlinghouse and Christian A. Larsen, violated Sections 5(a) and 5(c) of the Securities Act by offering and selling XRP without registration. The document states, “The SEC also alleges that Garlinghouse and Larsen aided and abetted Ripple’s Section 5 violations.”
The district court granted partial summary judgment in favor of the SEC regarding Ripple’s sales to institutional investors but also granted partial summary judgment to the defendants concerning sales on digital asset trading platforms and other specific transactions.
XRP price unmoved by SEC appeal
In response to the appeal, the XRP market is largely muted. On CoinGecko, it is maintaining a 24-hour range between $0.54 and $0.55. It has dipped by 1% since the news broke about the SEC appeal.
The SEC’s appeal includes issues regarding the district court’s decision to grant partial summary judgment to the defendants. The SEC calls for a review of previous judgments that it considers potentially “erroneous.”
The district court grants 14 days after the appeal to fill Form D called the Court of Appeals Transcript Information/Civil Appeal Form.
Meanwhile, the crypto community supporting Ripple is optimistic the judge will dismiss the appeal.
Attorney Jeremy Hogan explains that Ripple’s XRP sales on exchanges and its use of XRP as a payment method will be the matters in focus during the appeal. Form C specifies that these matters will be reviewed De Novo. It means that the appellate court will review the case without relying on what the trial court decided about the law, making it an independent review.
Hogan also sees the SEC’s claims against Ripple executives Garlinghouse and Larsen as a weak move, because they have been dropped earlier. He also underlines that if Ripple loses the appeal, it could face stricter penalties.
In its August judgment, the court denied the SEC’s request for disgorgement of $876 million in profits from XRP sales. However, the securities agency will reportedly not challenge the court’s decision around disgorgement this time around as well.