tl;dr
Ripple has filed a cross-appeal in its lawsuit against the US SEC, providing a new twist to the long-running legal battle. The cross-appeal won't focus on XRP being a security, as the SEC isn't appealing that ruling. Ripple's CEO looks forward to ending the SEC's enforcement actions with the cross-a...
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Ripple has filed a cross-appeal in its lawsuit against the US SEC, providing a new twist to the long-running legal battle. The cross-appeal won't focus on XRP being a security, as the SEC isn't appealing that ruling. Ripple's CEO looks forward to ending the SEC's enforcement actions with the cross-appeal. The move is seen as a major boost for the crypto firm in its battle against the SEC.
Ripple’s Chief Legal Officer has revealed that his company has filed a cross-appeal in its case against the US Securities and Exchange Commission (SEC). This provides a new twist to the legal battle that has been ongoing since December 2020. Alderoty revealed in an X post that they filed a cross-appeal against the US SEC today. He stated that they took this step to ensure that “nothing’s left on the table,” including the argument that an investment contract cannot exist without essential rights and obligations.
Ripple’s CEO Brad Garlinghouse stated in an X post that, with the cross-appeal, they are looking forward to sealing the US SEC’s fate and ending the Commission’s regulation-by-enforcement agenda. He mentioned that his firm was the industry leader in the first go-round in court and that they also look forward to leading the way in this appeal round. Garlinghouse again affirmed that the Commission made a mistake filing their appeal in the long-running lawsuit.
This cross-appeal will likely provide a major boost for the crypto firm in its battle against the SEC. Legal expert Fred Rispoli had stated that it would be foolish if the firm didn’t file the cross-appeal. He made this statement while opining that the company could defeat the SEC if the panel is fairly divided.
More about Banco De Chile
Banco De Chile, Banco de Chile, provides banking and financial products and services to clients in Chile. The company is headquartered in Santiago, Chile.
Industry: FINANCE, COMMERCIAL BANKS
NEC: 12207905000
Open: 8.08
Close: 8.08
Change: 2.99
Volume: 5702.8
Dividend: 0.485
Market Cap: 2880381125000
PE Ratio: 25.65
EPS: -0.027
ROI: -0.007
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More about General Dynamics Corporation
General Dynamics Corporation Summary
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Sector: Manufacturing
Industry: Ship & Boat Building & Repairing
Market Cap: $82.07 billion
P/E Ratio: 23.28
EPS: 5.48
Dividend (Yield): 12.83 (2.48%)
Stock Price: $164.48
Beta: 0.0789
Revenue: $44.95 billion
Operating Margin: 324.11
Return on Equity: 20.7%
Debt to Equity: 0.18