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.
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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.
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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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