In a string of online discussions, crypto enthusiasts and legal minds have been dissecting whether Ripple will choose to appeal against the SEC, given the implications of the recent Torres Decision.
– Some believe that Ripple’s appeal would be unlikely and potentially detrimental to its business.
– Others argue that if the SEC were to appeal, Ripple would most likely follow suit.
– The potential harm of ongoing litigation on Ripple’s business within the US may not have a significant impact outside of the country.
– A successful SEC appeal wouldn’t necessarily benefit the regulatory body.
– Ripple’s decision not to appeal, in the event of an SEC appeal, may be a serious litigation strategy misstep.
The Impact of an SEC Appeal
– Ripple is unlikely to appeal unless prompted by an SEC action.
– Ongoing litigation may have a negative impact on Ripple’s business within the US, but the impact outside of the country may be minimal.
Understanding Ripple’s Litigation Strategy
– Ripple may choose not to appeal if Garlinghouse and Larsen win the trial and the SEC chooses not to appeal.
– Legislative changes in the future may exclude Ripple sales to ODL customers from the SEC’s jurisdiction.
Exploring Judge Torres’ Reasoning
– Judge Torres’ ruling may not align with the nature of sales to ODL customers.
– The focus on pre-2021 sales during the litigation may have contributed to a potential misinterpretation.
– Sales from 2021 to 2023, if included in a lawsuit, may bring more attention to the nature of ODL customer sales.
Hot Take
Given the potential harm of ongoing litigation on Ripple’s business and the arguments presented by legal minds, it seems likely that Ripple would choose not to appeal unless prompted by an SEC action. However, the final decision will ultimately depend on various factors, including the outcome of the trial and potential legislative changes.
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