Ripple Wins the Lawsuit against the SEC… or not yet?
After a partial win for Ripple against the SEC, law expert James Murphy outlines four possible scenarios for the case. The SEC still has the option to file an appeal, and Murphy discusses what the SEC could do next.
What Could the SEC Do Next?
- The SEC could file a request for an interlocutory appeal, with the need for permission from Judge Torres and the Second Circuit Court of Appeals.
- The SEC could start a trial on the aiding and abetting claim against Larsen and Garlinghouse and file a regular appeal after.
- The SEC could drop the claim against Larsen and Garlinghouse and take an immediate appeal without seeking permission.
- The SEC could choose to settle, although this is unlikely.
Hot Take: The SEC Will Likely File for an Interlocutory Appeal
James Murphy believes that the SEC will most likely file a request for an interlocutory appeal within the next two weeks. He thinks this is in the best interest of Ripple and the XRP community. Murphy is optimistic about Ripple’s chances on appeal and believes that starting the appeals process sooner rather than later is beneficial. The price of XRP has been rising in the past 10 days, although it has not yet reached $1.
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