The post Is Ripple vs SEC Lawsuit Truly Over? Could a Surprising Appeal Turn the Tides? appeared on BitcoinEthereumNews.com.

Is the SEC vs Ripple Case “REALLY” Over? Pro-XRP lawyer Bill Morgan has in his series of X posts voiced increasing doubts about the U.S. SEC’s likelihood of appealing the recent Ripple summary judgment. Morgan hints that an appeal might be off the table if the decision is strictly about legal matters. He’s spotlighting the latest judicial trends that could sway the SEC’s move, especially the compelling reasoning from judges in similar cases. Will the SEC appeal or will Ripple win again? Check out both odds! Judge Orrick Follows Ripple and Binance Rulings The favourable comments about aspects of Judge Torres’ reasoning in the Ripple summary judgment decision by Judges Orrick (Kraken case) and Jackson (Binance case) should assuage doubts about the correctness of her decision raised by some critics such as @CGasparino /3 — bill morgan (@Belisarius2020) August 28, 2024 In his recent analysis, Morgan highlights Judge Orrick’s handling of the SEC v. Payward Inc. (Kraken) case. He notes that Judge Orrick preferred the legal reasoning seen in both the Ripple case, presided over by Judge Torres, and the Binance case, overseen by Judge Jackson. Specifically, these cases distinguished between primary and secondary market transactions, applying the Howey test equally to both. This contrasts sharply with Judge Rakoff’s approach in the Terraform case, which did not differentiate between these types of transactions. Morgan suggests that this alignment among judges could reinforce the soundness of Judge Torres’ ruling, making it harder for the SEC to justify an appeal on purely legal grounds. Support for Judge Torres’ Reasoning Morgan further adds that Judge Orrick, in the Kraken case, praised Judge Torres’ reasoning in the Ripple case, particularly the third prong of the Howey test, which analyzes the expectation of gains from others’ work. Judge Orrick noted that Judge Torres’ judgment was…

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Filed under: News - @ August 28, 2024 6:27 am