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Ripple vs SEC Update: SEC Blocks Emergency Motion, Appeal Status Questioned

  • The U.S. Securities and Exchange Commission (SEC) confirms that the Ripple lawsuit is fully in the appeal phase.
  • The SEC rejects an emergency filing from Justin Keener, a third party previously sued by the SEC, who claimed to have 'decisive evidence' that could impact the case.
  • Confusion arises due to the discrepancy between the SEC's and Ripple's claims about the appeal's status, creating uncertainty in the high-stakes crypto case.
  • The outcome of the XRP lawsuit could have significant implications for the entire crypto market and how U.S. regulators treat digital assets in the future.

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