The SEC has filed an appeal against the recent court ruling in the Ripple case but lacks sufficient evidence to support its claims. The SEC is attempting to prove that XRP buyers expected profits based on Ripple's efforts.

Judge Torres' Ruling

Judge Torres ruled that Ripple's actions, including the sale of XRP, did not influence price movements enough to create investor expectations of profit. This means the SEC failed to demonstrate that programmatic buyers of XRP expected returns from Ripple’s activities.

Unsuccessful Expert Testimony

The SEC now has to convince the appeals court that these investors expected profits. However, the court rejected expert testimony, which was supposed to be key evidence for the SEC. The SEC’s expert based his conclusions on speculative assumptions about what a “reasonable XRP buyer” would expect, which the court found insufficient.

Evidence from Actual Investors

Another problem for the SEC is the testimony from real #Xrp🔥🔥 investors. These investors stated that they did not rely on Ripple's activities when purchasing XRP and often were unaware of Ripple's initiatives. This undermines the SEC’s argument that a “reasonable investor” would have expected profits based on Ripple’s actions, such as blog posts or marketing materials.

Lack of Ripple’s Influence on XRP Price

Moreover, products that Ripple is developing, such as the On-Demand Liquidity (ODL) software for cross-border transactions using XRP, have not significantly impacted XRP's price. This is confirmed by actual XRP community members, who state that Ripple's actions did not affect their decision to invest.

Lack of Evidence for the Appeal

The SEC is trying to convince the Second Circuit Court, but its arguments are weak. Its expert testimony was rejected, and evidence from actual investors does not support its claims. Now the SEC must rely on a hypothetical investor and argue that this fictional person expected profits from Ripple’s efforts, even though they lack solid evidence to back this claim.

#Ripple💰 , #RippleVsSEC , #courtcase , #investigation

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“