A company that is changing the way the world mines bitcoin

coinpedia 2024-12-11 03:51:21

XRP Lawsuit News: What Happens Next if The New Administration Drops The Appeal

The post XRP Lawsuit News: What Happens Next if The New Administration Drops The Appeal appeared first on Coinpedia Fintech News President-elect Donald Trump has selected Paul Atkins, former SEC commissioner, to lead the SEC. Atkins is set to replace outgoing SEC Chair Gary Gensler. Many are hopeful that Atkins will undo the damage caused by Gensler, whose leadership led to a loss of trust in the SEC. Retail and institutional investors alike were frustrated under Gensler’s rule, which some believe was influenced by anti-crypto forces like Elizabeth Warren and the banking cartel. One of the key cases that has drawn significant attention is Ripple vs. SEC, which began in 2020. With the recent appointment of Paul Atkins as SEC Chairman, the crypto community is hopeful that the case might be dropped or settled. However, since the case is currently in appeals, the outcome remains uncertain. If the case is dropped, it could mark a significant shift in how the SEC handles crypto-related matters, but the final decision will depend on the developments in the appeals process. Will The SEC Drop The Appeal? Former SEC lawyer Marc Fagel explained that while the court found institutional sales to be in violation of the law, it did not rule against programmatic sales, which are currently under appeal. However, if the new administration drops the appeal, the Second Circuit won’t have a chance to weigh in. Fagel further clarified that although Ripple was sued for selling unregistered securities, some of their sales were found to involve securities, while others were not. When a user commented that Judge Torres disagreed with the SEC, Fagel responded, saying that she only disagreed with them in part. He said that she also agreed with the SEC, ruling that Ripple illegally raised over $700 million in an unregistered securities offering. “The court found institutional sales to violate the law, but not programmatic sales. The latter is on appeal. Though if the new administration drops the appeal, we won’t have a chance to have the Second Circuit weigh in, unfortunately,” Fagel wrote.

Наиболее читаемые новости

XLM Eyes Its Largest Crash in Three Years, Ja...
2024-12-27
Why XRP traders are switching to Lightchain A...
2024-12-27
Economists Predicted What the FED Will Do in...
2024-12-27
XRPL Labs Exec Explains Importance of New Ame...
2024-12-27
Elon Musk, through D.O.G.E., plans to get Sil...
2024-12-27
Bitcoin price prediction for 2025
2024-12-27
As the Solana Ecosystem Cools, Investors Are...
2024-12-27
Experts Predict Similar Trends in Cryptocurre...
2024-12-27

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения