SEC vs. Ripple: Courtroom Filing Spurs Speculation on SEC Appeal
On September 4, Ripple filed for a keep of the financial portion of the August 7 judgment, fueling hypothesis a few potential SEC enchantment in opposition to rulings from the SEC vs. Ripple case.
In accordance to the submitting, the SEC consented to Ripple inserting 111% of the $125 million penalty with its counsel. The keep will stay efficient for 30 days past the 60-day enchantment window.
Notably, there have been combined reactions to the courtroom submitting.
Professional-crypto lawyer Fred Rispoli noticed an elevated likelihood of an SEC enchantment, saying,
“IMO 60/40 in favor of enchantment.”
Conversely, pro-crypto lawyer Jeremy Hogan downplayed the possibilities of an enchantment, stating,
“Almost definitely the SEC simply hasn’t decided whether or not it’ll enchantment but. Why? Filing a Discover of Appeal – see pattern beneath – takes solely quarter-hour (you file the Discover after which have 70 days to file the precise transient). If the choice to enchantment was already made, there’s no motive to delay submitting the Discover – particularly while you assume it’s dangerous case authority on the market.”
From Monday, September 2, to Saturday, September 7, XRP was down 4.44% to $0.5234. XRP fell to a Friday low of $0.5027 earlier than retaking the $0.52 deal with.