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The legal realm speculates on the SEC’s potential success in its appeal against Ripple.
Attorney Jeremy Hogan pegs SEC’s chances at 14.2%, drawing from past data.
Another legal figure, Bill Morgan, suggests even slimmer odds at 3%.
As Ripple stands tall after the recent dismissal against two of its executives, the spotlight turns to the SEC’s appeal prospects. With renowned legal figures weighing in, the odds, at the moment, don’t seem to favor the regulatory body.
The End of a Chapter, Not the Book
In a sector buzzing with developments, the Ripple versus SEC case is nearing its climax. Attorney Jeremy Hogan’s recent tweet declared the core proceedings effectively over, noting the SEC’s withdrawal of a pivotal trial. But, as Hogan muses, there’s potential for a settlement before the court’s final judgment. Failing that, appeals are on the horizon.
Historical Data: Not in SEC’s Favor
SEC
Placing the SEC’s appeal prospects under the microscope, Hogan leans on historical performance. His findings? The regulatory body traditionally hasn’t fared well in appellate courts. With a mere 14.2% success rate between 2011 and 2015, the data paints a bleak picture for the SEC. Moreover, Hogan emphasized the fact-centric nature of the recent pro-XRP ruling, suggesting no upswing in the SEC’s appellate prospects.
Voices from the Legal Realm
While Hogan’s viewpoint leans heavily against the SEC’s chances, attorney Bill Morgan mirrors the sentiment, albeit more stringently. Morgan perceives almost no ground for an appeal, giving the SEC just a 3% success likelihood. Contrasting these views, some former SEC executives still harbor faith in the regulatory body’s chances, emphasizing the unpredictable nature of legal battles.
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Conclusion
The Ripple-SEC saga, laden with twists and turns, is a testament to the dynamic interplay between crypto enterprises and regulatory bodies. While speculations are rife, the legal battle’s trajectory remains uncertain. With diverse opinions from legal pundits, the crypto and legal communities eagerly await the unfolding of this appellate chapter.
