The SEC vs Ripple case continues to divide opinions with many wondering what the outcome of the legal tussle will be. On October 6, former SEC attorney John Reed Stark commented on Judge Analisa Torres’s recent rejection of the agency’s request for an interlocutory appeal, describing it as “a pyrrhic victory at best for the XRP team”. Stark went on to downplay Judge Torres’s decision, citing that it was not precedent setting with regards to the status of tokens being classified as securities. Moreover, the stricture of the court was that the totality of Ripple's offerings leading to “reasonable expectation of profits based on the efforts of others” was not correctly stated and that the protection of the investors was deemed not to use Ripple initiatives.

Ripple Chief Legal Officer Stuart Alderoty then commented the post, agreeing to disagree with regards to the judicial clarity of the digital asset as a non-security, although asserting that XRP does stand as the only such asset.

Meanwhile, lawyer Jeremy Hogan listed several timelines for the conclusion of the case, suggesting that the SEC would try to push its attempt to a trial after April of 2024 and an appeal ruling no earlier than June of 2027.

The XRP token, as of writing, is valued at $0.514, recording losses of 1.5% on the day, 1.32% across the past week, and gaining 2.15% in the last month as of October 9. This major altcoin is poised to remain the focal point of the long-running court insurgent in the near future.



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