The post Ripple vs. SEC: The Agency’s Actions Could Backfire And Lead To Supreme Court Intervention appeared first on Coinpedia Fintech News
As Paul Atkins is set to replace Gary Gensler at the SEC, a new warning from JW Verret suggests that the agency risks severe consequences if it doesn’t drop the Ripple case.
When the SEC launched its crusade against cryptocurrency, it didn’t expect to face resistance from the federal judiciary itself. The federal judges are challenging the SEC’s aggressive interpretation of old securities laws, which may eventually lead to the Supreme Court getting involved.
As we prepare for Paul Atkins to take over from @GaryGensler, a new piece by @JWVerret warns that if the @SECGov doesn't drop the @Ripple case altogether, it's courting judicial suicide