The SEC’s Next Steps: Speculations and Possibilities
The recent victory of Ripple against the SEC has sparked discussions about the regulatory agency’s future actions. Legal expert James “MetaLawMan” Murphy has presented four potential options, prompting responses from XRP enthusiasts and experts.
- The SEC might request an interlocutory appeal.
- The SEC could proceed with a trial on the aiding and abetting claim against Ripple executives Brad Garlinghouse and Chris Larsen.
- The SEC may drop the claim against the executives to file an immediate appeal without seeking permission from Judge Torres and the Second Circuit.
- The settlement with Ripple is also mentioned as a possible option.
However, Ripple CTO David Schwartz disagrees with the idea of an immediate appeal, stating that the ruling did not fully resolve the dispute and that the court has yet to address the aspect of remedies.
What’s at Stake for XRP?
While Judge Torres has made significant rulings in the case, there are still unresolved issues. The court classified Ripple’s programmatic XRP sales on digital exchanges as non-securities, but deemed direct XRP sales to institutional clients as securities. The aiding and abetting charges against Ripple’s executives and the fine for violating securities law through XRP sales to institutional investors have yet to be determined and will be addressed in future trials.
Despite the positive sentiments surrounding XRP, there is still uncertainty about the case’s impact on the token in the long run. The outcome of the unresolved issues will play a crucial role in shaping the future of XRP.
Hot Take
The SEC’s next steps in the Ripple case are uncertain, but the recent ruling has provided some hope for XRP supporters. While there is still a long way to go, the outcome of the unresolved issues will undoubtedly influence the future of XRP and its community.
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