Summary:
The SEC is appealing the recent ruling that declared XRP is not a security, but the reasons behind their appeal are unclear. Retired lawyer Marc Fagel disagrees with the interpretation that the appeal is solely about programmatic sales, while attorney James Hogan argues that the judge’s reasoning on programmatic sales is separate from the ruling on XRP’s security status. Crypto influencer “Moon Lambo” suggests that the ruling on programmatic sales is what led to exchanges relisting XRP. The SEC’s motive for the appeal is questioned, with Fagel suggesting it could be about saving face or protecting their current initiatives. The SEC’s move to appeal part of the decision while proceeding to trial on other parts has raised concerns. The XRP community eagerly awaits the next steps in this legal saga.
Key Points:
- The SEC is appealing the ruling that declared XRP is not a security.
- The reasons behind the SEC’s appeal are unclear.
- Retired lawyer Marc Fagel disagrees with the interpretation of the appeal.
- Attorney James Hogan argues that the judge’s reasoning on programmatic sales is separate from the ruling on XRP’s security status.
- Crypto influencer “Moon Lambo” suggests the ruling on programmatic sales led to exchanges relisting XRP.
Hot Take:
The SEC’s appeal of the ruling on XRP’s security status raises questions about their motives and the potential impact on their current initiatives. The XRP community anxiously awaits the next steps in this legal battle.
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