- Lawyers predict SEC’s move to appeal the summary judgment despite the favorable ruling on Ripple’s XRP.
- Recent developments in the Terraform settlement case may influence the SEC’s approach.
- Key attorneys anticipate crucial rulings by Judge Torres in the upcoming months.
Discover the latest developments in the Ripple vs SEC lawsuit, including potential appeals and significant judicial rulings impacting the crypto landscape.
SEC Poised to Appeal Judge’s Ruling on XRP Sales
Legal experts reveal that despite Judge Torres’ decision declaring programmatic sales of XRP as not securities, the SEC is expected to file an appeal. The impending appeal may lead to prolonged litigations, though a final judgment is anticipated by late July or early August.
Insight on SEC’s Appeal Strategy
Fred Rispoli, a pro-XRP attorney, predicts that while Judge Torres’s ruling might come by midsummer, the SEC could appeal specific aspects related to programmatic sales. It’s speculated that the SEC might challenge particular points, aiming for a different interpretation under the Howey Test.
Implications of the Terraform Settlement on Ripple’s Case
The recent $4.47 billion settlement between Terraform Labs and the SEC has stirred the dynamics in the Ripple case. Lawyers assert this significant settlement weakens the SEC’s position regarding its injunction arguments against Ripple, potentially influencing upcoming rulings.
Analysis from Legal Experts
Former SEC lawyer Marc Fagel believes that the Terraform settlement sets a precedent that could be advantageous for Ripple. The hefty penalties imposed on Terraform Labs highlight the SEC’s aggressive stance on enforcement actions but may also highlight inconsistencies in their approach, benefiting Ripple’s defense.
Judge Netburn’s Potential Ruling on Expert Testimony
Debates around expert witnesses continue, with notable attorneys like Bill Morgan and Jeremy Hogan discussing possible outcomes. They posit that Judge Netburn might avoid ruling on the expert witness dispute if doing so could expedite a final decision, especially if it favors Ripple.
Conclusion
The ongoing legal battle between Ripple and the SEC remains a pivotal case for the cryptocurrency sector. With the SEC’s anticipated appeal and the influence of recent settlements, the final decisions expected this summer could have profound implications on the classification and regulation of digital assets moving forward.
