The SEC’s ongoing legal battle with Ripple could negatively impact the price of XRP. The appeals process is expected to be lengthy, with both Ripple and the SEC gearing up for detailed arguments.
Recently, Fox Business journalist Eleanor Terrett shared excerpts from her conversation with Ripple’s Chief Legal Officer, Stuart Alderoty, on the ongoing Ripple-SEC case and the appeal process. Terrett outlined the expected timeline and steps:
Pro-XRP lawyer Fred Rispoli added clarity on the SEC’s anticipated appeal points, stating they will likely argue that Judge Torres was mistaken in her rulings on “Programmatic Sales,” “Other Distributions,” the refusal of a disgorgement order, and the “too low” $125 million penalty. The SEC might also challenge the finding that XRP itself is not a security, though it’s unlikely to win on this point.
Reacting to Fred’s tweet, former SEC lawyer Marc Fagel wrote,
“Totally agree; but Crypto Twitter is abuzz as if there’s some big secret here. (I personally don’t think they argue XRP is itself a mystery; at most, the brief may argue that it’s not something that needs to be decided for liability to attach, which is surely accurate.)”
In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…
Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…
Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…
In a year marked by conservatism and a sentiment shift in crypto, one name is…
Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…
The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…