The post Last Minute Appeal By US SEC in XRP Case appeared on BitcoinEthereumNews.com.

The latest developments regarding the Ripple vs SEC lawsuit have indicated deliberations on an appeal against Judge Torres’ rulings in the XRP case. An attorney argues that the U.S. Securities and Exchange Commission (SEC) will not reveal its decision until the last minute. In addition, former SEC lawyers claim an appeal filing by the regulator is most likely. US SEC To File Appeal in Ripple Lawsuit Former SEC lawyers Marc Fagel and James Farrell seemed most confident about an appeal by the U.S. Securities and Exchange Commission in Ripple vs SEC case. They assert that anything less than an appeal will be bad for the government agency. The agency still has two weeks to file the appeal. Tensions continue to grow in the XRP community as the appeal deadline gets closer. However, attorney Fred Rispoli believes the SEC is still unclear about whether to appeal or not. Also, he suggested that any announcement or filing might come close to the deadline. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have denied any intention to appeal in Ripple vs SEC lawsuit. The company has also obtained a stay order from the court, holding the $125 million in penalty payment to the agency until appeal. The SEC filing in the Binance case has hinted at no appeal against Judge Torres’ summary judgment on XRP programmatic sales. Notably, the judge did not issue a ruling on secondary sales, but stated that “programmatic buyer stood in the same shoes as a secondary market purchaser.” Should Elon Musk Integrate XRP on X Payments? Fred Rispoli said Elon Musk has missed an opportunity to poke the SEC in the eye. Musk should enable payments on X, allowing every crypto such as XRP that the SEC has failed to label a security in the court. “Legally protected…

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Filed under: News - @ September 21, 2024 9:21 pm