The Securities and Exchange Commission has made a compelling case for pursuing a mid-case appeal to delve deeper into the intricacies of the law.
A federal judge has decreed that Ripple's direct sales of XRP to institutional investors contravened securities law; however, the judge determined that the company's automated sales to retail investors via exchanges were not in violation.
The exchange urges users to promptly withdraw their USD funds due to the Securities and Exchange Commission employing 'extremely aggressive and intimidating tactics' towards the company.
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