Ripple News: Pro-XRP Lawyer Says SEC Will Lose if It Challenges XRP’s Non-Security Status

Quick Summary:

The appeals process is expected to be lengthy, with both Ripple and the SEC gearing up for detailed arguments.

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.

The SEC might also challenge the finding that XRP itself is not a security, though it’s unlikely to win on this point.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Crypto news Ripple (XRP) News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 16:57:50 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 194 words

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Copyright Owner: © Coinpedia

News ID: 23091464

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