Impact on the Cryptoverse
Former SEC attorney John Reed Stark believes that the recent court decision in the Ripple-SEC case is not a major victory for Ripple. He predicts that the SEC will appeal the decision after the trial and has a good chance of winning. According to Stark, the judge’s ruling is not considered precedent for the rest of the cryptocurrency industry. He argues that the court did not determine whether tokens are securities and that Ripple’s Programmatic Sales did not lead investors to reasonably expect profits from Ripple’s efforts.
Probable Outcomes
Lawyer Jeremy Hogan listed several possible outcomes for the Ripple v. SEC case after the judge denied an interlocutory appeal motion. These include a trial against individual defendants in April 2022, an appeal of the case no earlier than 2025, and a potential appellate ruling in 2026 or later.
Hot Take: The Ripple-SEC Court Battle Sparks Debate in Crypto Community
The recent court decision in the Ripple-SEC case has stirred up a heated debate within the cryptocurrency community. While some believe that it has little impact on the industry, others disagree. Former SEC attorney John Reed Stark argues that the decision is not a significant win for Ripple and predicts that the SEC will likely appeal and have a good chance of winning. On the other hand, lawyer Jeremy Hogan outlines several possible outcomes for the case, including a trial next year and potential appeals lasting until at least 2025. The ongoing battle between Ripple and the SEC continues to captivate crypto enthusiasts, leaving many eager to see how it unfolds.
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