that there will be no"final glorious victory" for the US Securities and Exchange Commission in the US Court of Appeals for the Second Circuit. The SEC's attempts to appeal the case might potentially lead to disastrous outcomes for the agency, according to Hogan.
Even if the regulator somehow manages to win the appeal, the case would still come back down to the trial court since there would be a need for further factual determination. In a significant blow to the SEC, Judge Analisa Torres determined that the XRP token was not a security when sold to retail investors on exchanges in July 2023. However, Torres also ruled that Ripple did violate federal securities laws with its XRP sales to institutional investors.
Last July, Gensler hinted that the SEC could end up appealing the Torres ruling."We're still looking at it and assessing," he Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
Dogecoin 'Very Bullish,' Per Recent Report, XRP Community Furious Over SEC's Ethereum Decision, Schiff Names Reason Why Nvidia's Rise is Bearish for BTC: Crypto News Digest by U.TodayKey Reason Why Bitcoin Is Crashing Despite Surging Stocks Dogecoin 'Very Bullish,' Per Recent Report, XRP Community Furious Over SEC's Ethereum Decision, Schiff Names Reason Why Nvidia's Rise is Bearish for BTC: Crypto News Digest by U.Today
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