The SEC is expected to appeal the judge’s decision in the Ripple lawsuit.
A former SEC lawyer said that the agency is not happy with the lawsuit’s outcome.
The wallet of Chris Larsen moved has a massive number of tokens after years of dormancy.
The United States Securities and Exchange Commission (SEC) may appeal Judge Analisa Torres’ decision in the Ripple lawsuit, which established that the XRP token is not a security when sold to retail investors.
According to a post on X (formerly Twitter) by Fox Business reporter Eleanor Terrett, a former SEC lawyer said that “everyone” at the agency believes Judge Torres’ decision was “wrong” and predicts the regulator will appeal.
NEW: A former @SECGov lawyer who recently left the agency tells me the SEC will ‘probably’ appeal Judge Torres’s July 2023 ruling concerning the $XRP programmatic sales in the @Ripple case partly because: “everyone over there [at the SEC] truly believes that the decision is…
— Eleanor Terrett (@EleanorTerrett) September 26, 2024
The SEC has been quiet about a potential appeal, but it has until October 7 to make its decision. The XRP community expects an appeal…
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