SHERIIF🎭
@sherif04
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The Ripple v. SEC lawsuit has taken a new turn. On October 4, 2024, the U.S. Court of Appeals for the Second Circuit officially registered the SEC's appeal against some aspects of Judge Analisa Torres's July 13, 2023, ruling in favor of Ripple ¹. The appeal, docketed under Securities and Exchange Commission v. Ripple Labs Inc. (case number 24-2648), includes Ripple executives Brad Garlinghouse and Chris Larsen as appellees.
This development has sparked conversation in the crypto community, with many questioning the SEC's motives. Notably, the SEC had previously failed to prove its claims against Garlinghouse and Larsen, and some suspect the agency may be revisiting past cases or targeting dismissed claims ¹. Ex-SEC lawyer Marc Fagel shares this concern.
The XRP community is bracing for uncertainty, as the Ripple CEO is no longer directly involved in the lawsuit since the SEC withdrew its suit against him. Attorney Fred Rispoli believes Ripple has a strong case but notes that the outcome depends on the … 0 reply
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