The cryptocurrency Ripple is currently waiting for the Securities and Exchange Commission (SEC) to file an appeal regarding Form C. Many are wondering why there is a delay in this process.
Ripple, a popular cryptocurrency, has been in the spotlight recently due to its ongoing legal battle with the SEC. The SEC has accused Ripple of conducting an unregistered securities offering through its XRP token.
In response, Ripple has been fighting back in court, arguing that XRP should not be classified as a security. The company has been awaiting the SEC’s filing of an appeal regarding Form C, which is crucial for the case to move forward.
Despite the importance of this filing, there has been a hold-up in the process, leaving many in the cryptocurrency community wondering about the delay. As Ripple continues to navigate the legal landscape, all eyes are on the SEC’s next move.