🚨 Ripple News: Did the SEC Hold an Urgent Meeting to Discuss a Potential Settlement in the Appeal? 🚨
The battle between Ripple Labs and the SEC just got fiercer! The SEC has filed a fresh appeal, challenging a critical decision regarding XRP's status. This appeal focuses on a key ruling by Judge Analisa Torres, which previously concluded that Ripple’s programmatic sales of XRP don’t fall under securities. As both sides prepare for a prolonged legal showdown, the outcome could reshape the entire regulatory framework for cryptocurrencies in the U.S.!
🔥 Speculation is now circulating about a rumored emergency meeting held by the SEC. Sources suggest that the agenda might involve a potential settlement in its ongoing appeal against Ripple's XRP case. Such a move could mark a pivotal moment for the future of crypto regulations in the U.S. Yet, when asked if the meeting specifically targeted Ripple, former SEC lawyer Marc Fagel dismissed the idea, suggesting that the meeting's focus might be elsewhere.
Ripple Community's Response to the SEC's Bold Move:
Stuart Alderoty, Ripple’s Chief Legal Officer, emphasized that the Second Circuit will either reinforce or expand Judge Torres’s initial ruling, while the SEC’s hopes rest on a remand, which seems unlikely. Judge Torres’s earlier ruling in the failed interlocutory appeal stated that the "Howey" test and Ripple’s Fair Notice defense would be reviewed again.
The Fair Notice standard questions whether the average individual could understand the law, and the SEC might claim that Judge Torres’s decision missed this benchmark, placing the agency in a tough spot.
CEO Brad Garlinghouse didn’t hold back, remarking, “As I mentioned earlier this month, if Gensler and the SEC truly respected the rule of law, they’d accept their defeat and move on. But it's clear they aren't aiming to bring clarity for U.S. industry players. Under Gensler’s leadership, the SEC seems more focused on stirring chaos—sacrificing U.S. innovation and technological progress in the process.”
By the way.. 💸🎁👇
EARN 20$ INSTANTLY WITH BINANCE! 💥
Would you like to earn 20$ bonus in just a few steps?
🎉 If you have never traded futures before, this is your chance!
Those who activate their futures for the first time and send funds from a spot wallet will get the bonus instantly! 🚀
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
🔗 Click to activate futures transactions now!
#Ripple #SEC #XRP #CryptoNews #CryptoRegulation #BradGarlinghouse #StuartAlderoty #Blockchain #CryptoCommunity #CryptoUpdate #BinanceSquare
