Judge Torres Approves SEC’s Motion for Interlocutory Appeal, Fred Rispoli Discusses Ripple’s Potential Appeal
Judge Torres has approved the SEC’s motion to proceed with an interlocutory appeal, signaling no delay in the decision. However, lawyer Fred Rispoli has shed light on a scenario where Ripple may choose to appeal the ruling on institutional sales. In a conversation with Thinking Crypto’s host, Rispoli explains the factors that could impact the outcome of an appeal.
Key Points:
- Rispoli hesitates to predict the outcome of a potential appeal without understanding the judges on the Second Circuit Court of Appeals.
- He notes a trend where younger judges rule differently from older judges in crypto-related cases.
- The composition of the panel of judges will be crucial in determining the appeal’s outcome.
- Rispoli suggests an equal chance of the appeal affirming the current decision or reversing the ruling on securities transactions.
- Significant developments are not expected for approximately a year.
Rispoli acknowledges that significant changes are unlikely to occur in the near future. He mentions the possibility of new laws providing clearer solutions and speculates that Ripple may prolong the legal process to wait for potential government changes that could influence the SEC’s actions.
Hot Take
The outcome of Ripple’s potential appeal remains uncertain, with the composition of the panel of judges playing a key role. While the age of the judges may influence their rulings in crypto-related cases, it is important to consider the legal factors at play. Ripple and the crypto community will likely eagerly await any developments in the coming year, as they seek a clearer resolution to the ongoing legal battle.
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