The SEC's response to the Ripple case: Recognizes partial rulings by the court, but will still review relevant decisions.

Odaily reported that according to a tweet by FOX Business journalist Eleanor Terrett, the U.S. SEC has issued a statement regarding the court's ruling on XRP, expressing satisfaction with certain aspects of the ruling but stating that they will still review the court's decision. The specific contents are as follows:



"We are pleased with the court's finding that Ripple's offering and sale of XRP tokens in certain instances violated securities laws in the form of investment contracts. The court agreed with the SEC's view that the Howey test determines the securities analysis of cryptocurrency transactions and rejected Ripple's fictional test for what constitutes an investment contract, instead emphasizing that both Howey and subsequent cases have recognized various tangible and intangible assets as subjects of investment contracts.



In addition, the court rejected Ripple's fair notice argument, pointing out that the Howey test is clear and claiming ignorance cannot be a defense against violating securities laws. The SEC will continue to review this decision."