There is speculation that the SEC will appeal the recent ruling in the Ripple lawsuit regarding XRP. Legal experts believe that the SEC's case is weakened by its refusal to call key witnesses. If the court rules in Ripple's favor, it could have a significant impact on how secondary sales of XRP are classified. However, even if an error is found, the case could return to Judge Torres, where the SEC might face further losses due to insufficient evidence. It is believed that the Court of Appeals is obligated to hear the appeal if the SEC decides to appeal. Analysts are closely watching how these legal developments could affect XRP's price and the broader cryptocurrency market, with XRP currently experiencing an increase in trading volume. However, Bitcoin is trading in the red, down over three percent.
- Content Editor ( coinpedia.org )
- 2024-09-30
Ripple News: Can the Court Dismiss the SEC’s Potential Appeal and Will the SEC Lose the $125 Million Fine?