.GaryGensler hinted at a possible appeal against the Ripple verdict
The SEC boss's public reaction to last week's summary judgment decision marked the first time he addressed the Ripple case since the ruling. He voiced disappointment with the verdict's implications for retail investors.
This statement came against a backdrop of Ripple's XRP experiencing a drop in price following a brief 80% rally in the wake of theAs, former SEC official John Reed Stark echoed Gensler's concerns, stating that the Ripple decision sits on"shaky ground" and will likely be appealed. Stark took issue with the ruling's nuanced differentiation between private sales of XRP to accredited investors and programmatic sales to exchanges.
He contends that this could give rise to a new category of"quasi-securities," whose status changes based on the sophistication of the investor. Stark described this as"counter-intuitive, inconsistent with SEC case law, and unprecedented in this context." The prospect of an appeal leaves the final outcome of the case, and the future regulatory landscape for cryptocurrencies, far from certain.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gensler responds to Ripple decision, says he's disappointed over treatment of retail investors“While disappointed on what they said about retail investors, we’re still looking at it and assessing that opinion,” Gensler said on Monday at a National Press Club luncheon where he was discussing artificial intelligence.
Leer más »
Ripple decision is 'troublesome on multiple fronts', says former SEC officialThe Ripple decision 'resides on shaky ground, [and] is likely (and ripe) for appeal,' believes former SEC official John Reed Stark.
Leer más »
SEC's Gensler Says AI Could Play Big Role in Future Financial Crises.SECGov chairman GaryGensler: “AI may heighten financial fragility as it could promote herding.” LizKNapolitano reports.
Leer más »
SEC could be waiting ‘years’ to file appeal in Ripple case — Brad GarlinghouseIt might take years for the SEC to appeal the ruling the Ripple case. According to CEO Brad Garlinghouse, the filing of an appeal would “only further” solidify Judge Torres decision that XRP is not a security. 🥳
Leer más »
Ripple and XRP Triumph May Be Cut Short on Appeal, Thinks SEC VeteranFormer SEC director anticipates Ripple and XRP court victory to face challenges on appeal xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec $xrp
Leer más »
Ripple's Victory Over SEC Is a Win for the Entire Crypto Space, Says Brad GarlinghouseGarlinghouse also asserted that US Congress should pay attention to the judge's ruling.
Leer más »