"Well done Ripple, keep up the spirit of fighting in the face of obstacles from before."
As expected by observers in the cryptocurrency market, Ripple (XRP) has filed its objection to the Securities and Exchange Commission's (SEC) motion to file an interlocutory appeal.
The SEC has vehemently opposed a ruling from Judge Analisa Torres that said XRP trading on secondary trading platforms is not a security.
It is well known that the crypto market is already expecting such a situation to happen as many investors believe that the United States (US) regulator will not remain silent in upholding its anti-crypto stance.
According to XRP, the SEC is in the process of revising the border law and the application of the Howey Test to certain XRP transactions as the court is currently not in favor of its plans.
XRP also argued that the US regulator could not show evidence for a dissent based on its urged appeal because the SEC had to wait first before filing an appeal.
While many legal experts in the crypto market expect a big win for XRP, the strength of the arguments presented in the appeal has shown that there is a twist in his lawsuit that has lasted almost three years.
Please be informed that the victory of XRP was able to help Cardano (ADA), Solana (SOL) and Polygon (MATIC) to be free again from the SEC's allegations that the three digital assets are securities.
As of this writing, the price of XRP has fallen by 2.50% to $0.59 in the last 24 hours with a market cap of $31 billion and has recorded a decline of around 7.57% over the last week.
