Ripple’s Historic Win Against the SEC: Insights from Kathryn Haun and Jeremy Hogan
On July 13th, Ripple achieved a significant victory against the SEC, but the dispute may not be over yet. Kathryn Haun, the CEO of Haun Ventures, believes that the SEC is unlikely to appeal the court ruling due to the agency’s benefit from the existing ambiguity surrounding digital assets. Haun suggests that the lack of clarity could undermine the SEC’s broader enforcement goals. Jeremy Hogan, a U.S. lawyer and Ripple commentator, predicts that the SEC will appeal after the trial concludes in early 2024.
Key Points:
- Kathryn Haun suggests that the SEC is unlikely to appeal the recent court ruling due to strategic considerations and the agency’s advantageous position in the current confusion.
- The Ripple case is not legally binding but could potentially influence ongoing lawsuits involving major crypto exchanges such as Binance and Coinbase.
- Industry experts and lawmakers are calling for Congress to establish a clear and comprehensive regulatory framework for cryptocurrencies.
- Brian Quintenz and U.S. Senator Cynthia Lummis emphasize the urgent need for regulatory clarity to support American innovation in the crypto industry.
Hot Take: The Ripple case marks a significant win for the crypto community, but the lack of regulatory clarity remains a challenge. The SEC’s next move and the impact on the industry are uncertain. However, there is growing pressure for Congress to take prompt action in providing regulatory clarity for the cryptocurrency industry.
By
By
By
By
By