.Ripple faces the billion-dollar question following its legal wrangle with SECGov
Despite a partial win for Ripple, Gasparino's pessimism is evident in his assessment of the potential for Ripple to maintain its success upon appeal. He also points out that Ripple will still have to pay fines for the part of the case they lost.by U.Today, the XRP price faced a sharp drop after an initial rally following the mixed verdict announcement. This price volatility underscores the ongoing uncertainty in the marketplace concerning Ripple's legal situation.
In addition to Gasparino's tweets, John Reed Stark, a legal analyst, has criticized the court's decision, suggesting potential flaws and a complicated distinction between private and programmatic sales of XRP. Stark expressed concern over a new class of"quasi-securities" that change depending on the sophistication of the investor, deeming it unprecedented and inconsistent with the SEC case law.
The Ripple case is far from over, as the SEC will likely appeal the decision, and Stark predicts that the rulings related to programmatic and other sales will be overturned.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ripple's Legal Win Means It's Time for Crypto to Stand Up to the SECRipple's partial victory 'is the boost of confidence the crypto community needed to stick to its guns that the SEC’s legal theory is wrong and its tactics improper,' Consensys' BillHughesDC says. Opinion. XRP
Leer más »
What Ripple’s Partial XRP Win Means for Other Crypto Firms Fighting SECA U.S. court ruling partly in Ripple’s favor may augur well for other crypto firms fighting litigation from SECGov – if the decision survives potential appeal. Analysis by iamsandali
Leer más »
Ripple CEO calls SEC a 'bully' following partial win in XRP rulingRipple Labs CEO Brad Garlinghouse called the Securities and Exchange Commission a “bully” after getting a partial win from a judge’s ruling this week.
Leer más »
'Ripple' effect from ruling in SEC crypto case could be game-changer for class action defendantsThe Manhattan federal judge who ruled on Thursday that Ripple Labs is not liable under federal securities law for selling XRP tokens on the open market devised an entirely new framework for determining whether crypto tokens are securities -- and defense lawyers say her analysis could be a big help in private litigation against crypto issuers and exchanges.
Leer más »
Understanding Ripple, XRP and the SEC SuitIt's been a long road for Ripple and XRP in a three-year court battle between Ripple and the SECGov over whether $XRP is a security. Remember how we got here? ICYMI, here's the background on Ripple, XRP and the case with the SEC:
Leer más »
Ripple CEO Says Recent Ruling Was Complete Loss for SEC, Not Split Victory.bgarlinghouse Ripple lawsuit: The verdict is a total defeat for the SEC rather than a split victory, CEO says XRPArmy XRPCommunity XRPHolders $XRP
Leer más »