- Former DOJ prosecutor Katie Haun comments on the recent decision in the Ripple vs SEC case
- Haun suggests that the SEC may not appeal the decision
- Haun believes the court’s ruling is a positive outcome for the cryptocurrency industry
Former DOJ prosecutor Katie Haun, known for her role at the US Department of Justice and her involvement in recent cryptocurrency initiatives, has shared her thoughts on the recent decision in the case between the US Securities and Exchange Commission (SEC) and Ripple.
Haun took to social media to express her views, stating that the SEC is currently benefiting from regulatory uncertainty and that it is possible for them to appeal to the appellate court, although she has strong intuitions that they won’t take this step.
Regarding the potential appeal by the SEC, Haun stated:
Given the need for the regulatory agency to separate this decision from the part that goes to trial and my suspicion that the SEC truly wants legal clarity, an immediate appeal seems unlikely.
In the court’s ruling, the judge emphasized that the sale of Ripple (XRP) to the public did not constitute an investment contract offer. Haun argues that this decision is a positive outcome for the cryptocurrency sector and highlights the court’s reasonable judgment:
The court drew a reasonable line, and this is generally a good result for the industry. For other cases involving the SEC, we believe the Supreme Court’s “primary jurisdiction doctrine” will play a larger role in strengthening the industry’s arguments.
