Regulation
Judge Torres deliberates on decision, Alderoty looks at regulations
Ripple vs SEC: Judge Torres is deliberating on a final decision on sanctions and injunctive relief in the appeals phase, with potential appeals from the parties being considered. The military and XRP’s lawyers are anticipating a decision in the trial in August, now that July has almost ended without any progress. Experts note that appeals are likely to be underway in the trial immediately after the court’s verdict.
Experts weigh in on appeals in Ripple vs. SEC case
Ripple’s multiple victories have made the trial likely the the weakest case for the US SEC
as many people believe, including wealth advisor Mickle. However, as the lawyers have indicated, both sides could still file appeals against previous decisions.
Many motions including expert evidence, unseal documentsAnd final judgment are awaiting trial before Judge Analisa Towers and Judge Sarah Netburn. Some lawyers such as Fred Rispoli And James Murphy He said Judge Torres could bypass the motions filed with Judge Netburn and announce the final judgment in the appeal phase in July or August.
Ripple vs. SEC Expert Sherrie She said the SEC’s failure to appeal the case would hurt all other cases involving cryptocurrencies. She also asked why Ripple wouldn’t appeal the ruling that ODL sales are securities offerings. The company makes more money from its XRP ODL sales.
Penalties should not be a concern for the Ripple and XRP army, as Judge Torres will decide the amount with an explanation. The formulation of an injunction would be the deciding factor, which will impact its activity.
Former SEC attorney Marc Fagel “The SEC has publicly stated its intention to appeal the case. Beyond that, one can speculate about the impact of subsequent cases, changes in policy or strategy, etc.” However, the prior denial of the interlocutory appeal and the risks of escalation to the Second Circuit Court are major concerns for the SEC if it appeals the summary judgment.
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Controversial position on colonization
The XRP lawsuit settlement remains the most controversial part of the case, with speculations arising after action from Ripple or the SEC. The latest speculation was sparked by the SEC’s closed-door meeting. Ripple CEO Brad Garlinghouse The commentary on the Ripple lawsuit against SEC and the settlement during an interview with Bloomberg made the situation more intense.
However, lawyers, including Marc Fagel And Bill Morgan The settlement rumors have been clarified. Ripple executives have denied any discussions about a settlement. However, the court is expected to give the parties time to meet and confer on a deal.
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Ripple CLO Stuart Alderoty on Regulatory Clarity
Stuart AlderotyRipple’s chief legal officer, spoke about the changing regulatory landscape for crypto assets, according to a EUI video published on July 26. Alderoty took an in-depth look at the regulatory approaches of the EU, UK and US, focusing on the differences between the EU’s MiCA, the UK’s Financial Services and Markets Act 2023 and the US strategy of “regulation by enforcement”.
He expressed dissatisfaction with the regulation of cryptocurrencies in the United States. Fortunately, clear regulations are being developed thanks to bipartisanship in Congress, Alderoty added. Regulators need “measured regulation” to separate bad actors from good, protect investors while ensuring the smooth adoption of technological innovations.
XRP Price The stock price is sitting at $0.60, up 1% in the last 24 hours. The 24-hour low and high are $0.5951 and $0.6089, respectively. Additionally, the trading volume has decreased significantly in the last 24 hours.
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