Is Ripple's XRP about to drammatically change its direction?
The SEC admitted that the argument wasn’t whether XRP is necessarily a security in its court filing, noting, “The SEC does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value.”
Ripple has until September 1 to react to the filing, and the SEC has until September 8 to address any Ripple response.
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