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Appeal not dismissed

The SEC’s deadline to follow up on its appeal in the case against Ripple is Friday, October 18th, at 11:59 p.m.

If an Acknowledgment and Notice of Appearance Form is not submitted by the deadline, the appeal looks like toast.

Caveat! The SEC doesn’t care about the written law, as it has proven now several times. They abide by their own rules.

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Here it is, 195 pages of SEC appeal – what matters to hodlers: Once again it’s been made clear that the court’s “XRP is not a security”-ruling is not being appealed. That decision stands as the law of the land.

With that, the case remains a Ripple matter. XRP hodlers are not concerned. Right, institutions in the U.S. might or might not care about onboarding as long as the case drags on. Not the rest of the world.

Interesting update by lawyer Fred Rispoli – oh any my own take, if anyone is interested?

It’s important to distinguish that this is the legal battle of Ripple, Brad Garlinghouse and Chris Larsen. Enough funds are available for them by selling off monthly XRP escrows to pay for any bill. The ever-patient XRP community should not be instrumentalized into making this their own battle.

Of course, the SEC lawyers are hyper-clowns, dropping the charges against Brad and Chris first and now appealing their own decision. As said, they do as they please. Scum that’s above the law without any chance of recourse. Which puts Chris in an especially delicate spot. Everyone knows about the criminal behavior of the SEC under the Biden / Harris administration. And he donates to the Harris presidential campaign instead of opposing their doomed government.