Attorney Fred Rispoli questions if Ripple could receive statutory interest if it wins an appeal and the $125 million SEC penalty is returned.
James Farrell suggests Ripple might delay the $125 million payment pending appeal.
The outcome could hinge on whether Ripple cross-appeals, affecting the potential for statutory interest and appeal costs.
Key players in the crypto community are pondering the scenario of what might happen if there is an appeal in the recently concluded Ripple-SEC case.
Attorney Fred Rispoli sparked a conversation on X, asking whether Ripple might be entitled to statutory interest if it wins an appeal and the $125 million penalty is returned. Rispoli called on securities lawyers to weigh in on the discussion.
On the odds of an #SECvsRipple appeal, can any securities lawyers answer this question for me:
If there is an appeal and if @ripple wins on every issue over the SEC, aside from returning the $125M penalty to Ripple, does the SEC have to pay statutory interest on that?
— Fred Rispoli (@freddyriz) August 26, 2024
For context, on August 7, Ripple Labs secured a major legal win against the SEC as Judge Analisa Torres significantly …
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