SEC May Appeal Ripple Case, Says Journalist—Senate Candidate Joins The Debate

The ongoing legal saga between Ripple Labs and the US Securities and Exchange Commission is heating up again as speculation mounts about a potential appeal from the SEC. This comes after Judge Analisa Torres rendered a landmark decision in July 2023, finding that Ripple’s programmatic sales of XRP to ordinary investors did not breach securities […]

Sep 28, 2024 - 10:00

SEC May Appeal Ripple Case, Says Journalist—Senate Candidate Joins The Debate

The ongoing legal saga between Ripple Labs and the US Securities and Exchange Commission is heating up again as speculation mounts about a potential appeal from the SEC.

This comes after Judge Analisa Torres rendered a landmark decision in July 2023, finding that Ripple’s programmatic sales of XRP to ordinary investors did not breach securities laws.

The SEC, however, is apparently not happy with this ruling, especially in light of how it would affect any future regulatory proceedings.

The Potential Appeal Of The SEC

Journalist Eleanor Terrett of FOX Business recently shared observations from a former SEC attorney who thinks the agency will probably file an appeal of the decision.

Many others within the SEC, according to this attorney, believe the ruling has basic flaws and ought to be overturned. There is additional urgency because October 7 is the deadline for filing such an appeal.