Ripple News : Will the SEC File Last-Minute Appeal?
The post Ripple News : Will the SEC File Last-Minute Appeal? appeared first on Coinpedia Fintech News
The longest Lawsuit in crypto space, SEC vs Ripple is not getting closed if the SEC makes an appeal in the next 10 days. The court in its July 2023 ruling has declared that not all sales of XRP were securities. Ripple will have to pay a fine of $125 million for institutional sales, however the sword is still hanging over Ripple as the SEC might appeal against the court ruling.
Speculations Surrounding SEC’s Appeal DeadlineAs the deadline for the SEC to appeal against Judge Torres’s 2023 ruling approaches near, the market is flooding with speculations. The deadline ends on October 7. A large group of the community thinks the SEC is not going to appeal and extend this case. However, not everyone is in the same boat. Let’s explore who are the people who think the SEC will file an appeal and why they think this way.
The community is making various types of speculations. Some people on social media were in favor that the SEC will wait for the last moment of the deadline to file an appeal. This way the case will be extended to 2025. Meanwhile, in November, the U.S is having presidential elections.
Insights from Legal ExpertsThe Fox Business journalist shared some information regarding the SEC vs Ripple case from her X account. She shared that a former SEC lawyer has told her that the SEC might appeal against Judge Torres’s July 2023 ruling. The judge has ruled out that the programmatic sales of Ripple’s XRP token were not securities.
