XRP holders ask court to stop the SEC from calling their holdings securities
Several investors in XRP have filed with a Rhode Island court, looking to change the course of the Securities and Exchange Commission’s case against .
In response to what it calls “the most significant SEC enforcement action in modern history,” the Friday filing is a petition for a “writ of mandamous.” A “mandamus” is effectively just an order that a public official — in this case, the chairman of the SEC — does their job. The filers are calling upon new Acting Chairman Elad Roisman to alter the course that his predecessor, Jay Clayton, set by beginning enforcement against Ripple just before his departure.
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