1. BITBILIHome
  2. Article

Ripple v. SEC: XRP community divided over appeal prospects

• 28 views

TL;DR Breakdown

  • The SEC has requested court approval for an appeal in the Ripple case, potentially pausing proceedings.
  • The SEC challenges the court’s perspective that XRP retail sales aren’t investment contracts.
  • Marc Fagel, ex-SEC official, believes the appeal might face tough approval criteria.

Description

The Securities and Exchange Commission (SEC) recently made a bold move. They’ve asked the court to approve an appeal in the Ripple (XRP) case. This could halt proceedings until a final verdict emerges. The SEC’s argument hinges on a pivotal point. They believe the court’s view on XRP retail sales is far-reaching. This view suggests … Read more

The Securities and Exchange Commission (SEC) recently made a bold move. They’ve asked the court to approve an appeal in the Ripple (XRP) case. This could halt proceedings until a final verdict emerges. The SEC’s argument hinges on a pivotal point. They believe the court’s view on XRP retail sales is far-reaching. This view suggests these sales aren’t investment contracts.

Previously, Gary Gensler, the SEC head, held a firm stance. He believed the digital assets realm needed no new rules. He felt the current guidelines were apt. Yet, this appeal challenges that belief.

The XRP community is buzzing with opinions. One supporter reached out on social media. They subtly probed Marc Fagel, a former SEC official. They wanted insights on the appeal’s potential approval. This supporter stressed the case’s industry impact. They mentioned unique legal angles and differing verdicts as crucial elements.

Fagel’s response was measured. He recognized the case’s significance and the unique legal points. Yet, he also shed light on the tough criteria for such appeals. Fagel feels the court might only approve if it sees the issues as pressing.

Another XRP fan added their voice to the debate. They hinted at the legal issues needing to be more familiar. They felt the SEC might have a lower hand than they claim. Fagel responded with a reminder. He pointed to the SEC’s past wins in crypto cases. He emphasized that more than one mixed ruling is needed to spell a trend. To see it as a sign of the SEC’s decline would be an exaggeration.

Meanwhile, Ripple’s trading sentiment seems bearish. The XRP token’s value dipped by 0.59%. It’s now trading at $0.5. The day saw a high of $0.5045 and a low of $0.4981.

The Ripple case continues to captivate many. The SEC’s appeal request adds another layer to this intricate saga. The outcome remains uncertain, but the stakes are undeniably high.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Ripple v. SEC: XRP community divided over appeal prospects

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月10日 22:36
Next 2023年9月11日 02:25

Related articles

  • HSBC’s quantum-safe network shakes up UK banking

    TL;DR Breakdown HSBC is initiating trials of quantum encryption technology, potentially revolutionizing banking security. Quantum “metro” network developed by Toshiba and BT, secures transactions using quantum cryptography. Quantum key distribution (QKD) allows secure data transfer; any interception becomes instantly detectable. Description From the misty avenues of London, a remarkable technological evolution is taking shape in the world of finance. As the city’s double-decker buses and black cabs proceed with their routine buzz, an extraordinary narrative unfolds at the headquarters of HSBC. This tale is one of financial institutions stepping into the quantum era, spearheaded by HSBC’s … Read more From the misty avenues of London, a remarkable technological evolution is taking shape in the world of finance. As the city’s double-decker buses and black cabs proceed with their routine buzz, an extraordinary narrative unfolds at the headquarters of HSBC. This tale is one of financial institutions stepping into the quantum era, spearheaded by HSBC’s ambitious trials of quantum encryption technology, a venture that could reshape the future of banking. Embracing quantum encryption In a ground-breaking initiative, HSBC is setting the…

    Article 2023年7月7日

  • China demands EU’s clear stance on their relationship

    TL;DR Breakdown China’s chief diplomat, Wang Yi, has requested the European Union to clarify its stance on their strategic partnership. This follows a shift in EU-China relations since 2019, with the EU viewing China as an economic competitor and “systemic rival”. EU leaders have recently been advocating for reduced dependence on China, a contrast to the original intent of their strategic partnership. Description Bridging the divide between China and the European Union has become a pressing matter for top diplomats. Wang Yi, China’s chief diplomat, recently called for the EU to provide greater clarity regarding the strategic partnership that binds these global powerhouses. Building trust or back-pedalling? In 2003, the European Union and China embarked on what was … Read more Bridging the divide between China and the European Union has become a pressing matter for top diplomats. Wang Yi, China’s chief diplomat, recently called for the EU to provide greater clarity regarding the strategic partnership that binds these global powerhouses. Building trust or back-pedalling? In 2003, the European Union and China embarked on what was deemed a comprehensive strategic…

    Article 2023年7月16日

  • Hilarious Crypto Twitter responses to Kevin O’Leary’s pitch invitation

    TL;DR Breakdown Kevin O’Leary made a post on Twitter calling out to the public to pitch him their ideas in 200 characters. Serious pitches were made by members of the Crypto Twitter community, most notably Bitcoin lover Michael Saylor. The better part of O’Leary’s comment section was ladened with witty, funny remarks about his controversial relationship with FTX and SBF in forms of “pitches.” Description In a humor-laden call to arms, Kevin O’Leary—veteran investor and Shark Tank star—invited the denizens of crypto Twitter to pitch him their ideas in 200 characters or less. What ensued was an avalanche of witticism, satire, and pointed critiques. The serious pitches The crypto Twitter universe, known for its frankness and humor, didn’t disappoint. Bitcoin … Read more In a humor-laden call to arms, Kevin O’Leary—veteran investor and Shark Tank star—invited the denizens of crypto Twitter to pitch him their ideas in 200 characters or less. What ensued was an avalanche of witticism, satire, and pointed critiques. The serious pitches The crypto Twitter universe, known for its frankness and humor, didn’t disappoint. Bitcoin heavyweight Michael…

    Article 2023年6月23日

  • National Australia Bank reveals drastic measures to protect customers from crypto scams

    TL;DR Breakdown One of the key steps outlined by NAB is the blocking of certain cryptocurrency platforms, citing high levels of scam risk within the industry. Although the bank did not disclose the names of the specific cryptocurrency exchanges that will be affected, Chris Sheehan, NAB’s executive for group investigations and fraud, mentioned that the blocks would target “high-risk” platforms known for prevalent scam activities. The bank highlighted the rapid growth of cryptocurrency-related scams, with Australians losing over $221 million to such schemes in the previous year. Description On July 17, National Australia Bank (NAB) made an announcement regarding its new measures to protect customers from fraud as part of its “bank-wide scam strategy.” One of the key steps outlined by NAB is the blocking of certain cryptocurrency platforms, citing high levels of scam risk within the industry. The bank revealed that it … Read more On July 17, National Australia Bank (NAB) made an announcement regarding its new measures to protect customers from fraud as part of its “bank-wide scam strategy.” One of the key steps outlined by NAB…

    Article 2023年7月17日

  • Gina Raimondo has a new approach to China-US relations

    TL;DR Breakdown US Commerce Secretary, Gina Raimondo, seeks a new era in China-US trade relations. Raimondo introduces a “commercial issues working group” as a revamped communication channel. Previous dialogue platforms between the US and China have lost momentum due to escalating tensions. Description US Commerce Secretary, Gina Raimondo, concludes her China visit with a distinct message: it’s time to reshape and enhance the trade dynamics between the two global giants. Amidst a backdrop of technology and trade conflicts, Raimondo is spearheading an effort to foster a more cooperative relationship, emphasizing the significance and impact of such a partnership … Read more US Commerce Secretary, Gina Raimondo, concludes her China visit with a distinct message: it’s time to reshape and enhance the trade dynamics between the two global giants. Amidst a backdrop of technology and trade conflicts, Raimondo is spearheading an effort to foster a more cooperative relationship, emphasizing the significance and impact of such a partnership on the world stage. But is her approach anything but the same old song and dance? A Fresh Start or Just Another Attempt? Raimondo’s…

    Article 2023年8月31日
TOP