The XRP Army launched a petition on Change.org last week, urging the U.S. Securities and Exchange Commission (SEC) to stop its appeal in the Ripple v. SEC lawsuit. The petition has garnered nearly 10,000 signatures at the time of writing.

The petition highlights a four-year struggle with the SEC, during which Ripple supporters have fought to defend the company’s legitimacy. According to the XRP Army, the SEC’s actions contradict its mission of protecting investors and ensuring fair markets. Instead, the ongoing appeal is said to have caused confusion and instability within the cryptocurrency sector. The petition states:

The SEC’s frivolous appeal in the Ripple v. SEC final judgment adds an unnecessary layer of complexity and imparts an air of uncertainty within the digital currency market.

The SEC filed a formal notice of appeal against Ripple in the U.S. Court of Appeals for the Second Circuit last week. This move followed a district court’s August ruling, which the SEC claims included significant legal errors.

Ripple supporters believe that the SEC’s continued legal actions create unnecessary instability, not only affecting Ripple, but the broader cryptocurrency sector, with potential long-term impacts on the growth of decentralized finance (defi). The group insists that ending this appeal is crucial for ensuring stability within the market. The petition urges the SEC to reconsider, stating that the case’s outcome could set a precedent for future cryptocurrency regulation.

The XRP Army argues that the SEC’s decision to continue the legal battle creates unnecessary hardship for individual investors, going against the commission’s purpose. The petition explains:

The plea here is straightforward – stop the SEC’s baseless appeal in the Ripple v. SEC final judgment. The ramifications of this case extend beyond just Ripple and its stakeholders.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。