SEC's Legal Battle Unfolds: Terraform Labs' SEC Filing Hints at Potential Ripple Case Appeal 🤔
On the litigation side, an interesting comment from the SEC's latest filing against Terraform Labs (Do Kwon) stated that the agency believes that the court's latest XRP ruling on retail investor exemption "improperly transforms" the Howey Test into a subjective standard, thus the decision doesn't square with existing securities laws. As such, the SEC has asked the court (of the Terraform case) to simply reject that part of the XRP decision, thus signaling a likely appeal to be filed in the Ripple case at some point in the future.
