Ripple’s CTO, David Schwartz, Supports SEC’s Appeal on XRP Case
Ripple’s CTO, David Schwartz, has expressed his support for the US Securities and Exchange Commission’s (SEC) decision to appeal a key ruling on Ripple’s XRP token. The ruling by Judge Analisa Torres stated that XRP is not a security, a victory for Ripple. However, the SEC wants to appeal another aspect of the decision, causing debate among XRP holders and experts.
- SEC’s appeal is legitimate as the lawsuit is still ongoing
- An “interlocutory” appeal allows for a quicker resolution of the case
- The appeal will focus on what the Defendants might have done wrong
- Jeremy Hogan clarifies that it is a “non-motion appeal” by the SEC
- Ripple disagrees and believes the main case should continue
The XRP community remains optimistic despite the appeal, with some predicting that XRP will soon surpass Bitcoin. However, others speculate that the SEC’s attack on XRP is aimed at slowing down Ripple’s dominance in cross-border payments.
If the SEC’s appeal is approved, it could have various implications:
- The overall legal suit between Ripple and the SEC may be impacted
- Granting appeals for smaller sections of the case may complicate the legal process
- The outcome of the appeal will shape the future of XRP and Ripple
Hot Take: Ripple’s CTO Supports SEC’s Appeal, Creating Uncertainty for XRP
The SEC’s decision to appeal the ruling on XRP has sparked controversy in the crypto community. While David Schwartz supports the appeal, Ripple and its supporters believe the main case should continue. The outcome of the appeal will have significant implications for XRP and Ripple’s future. As the legal battle continues, uncertainty looms over the fate of XRP.
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