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

Quick Summary:

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.

His point of view stems from the Howey Test application, in which he notes the judge concentrated on just the third prong—that of the “expectation of rewards based on the efforts of others.

It is highly likely that there will be more court battles in the future, with experts like lawyer Fred Rispoli estimating a 75% possibility that the SEC will move forward with an appeal.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: SEC XRP Securities Ripple Crypto Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 06:30:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22757566

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