Ripple vs sec
So we have 10 days left for October 7th that’s the deadline for the Sec to appeal the ripple case . Benefits for the SEC if They Don’t Appeal:
1. Limit the Scope of the Loss:
The ruling would apply primarily to Ripple and secondary market sales within the Southern District of New York (SDNY), rather than becoming a binding precedent for all cases in the 2nd Circuit and beyond.
2. Avoid Creating a Stronger Precedent:
By not appealing, the SEC prevents the risk of a broader legal precedent being established in the 2nd Circuit that could undermine their ability to regulate secondary crypto transactions.
Benefits If they do appeal
1. Chance to Reverse the Programmatic Sales Ruling:
If the SEC wins on appeal, they could overturn the decision that programmatic sales aren’t securities, restoring their ability to regulate secondary crypto market transactions more broadly.
2. Clarify Regulatory Authority:
A victory in the 2nd Circuit would establish a binding precedent that strengthens the SEC’s regulatory power over the crypto industry, setting a legal standard for future enforcement.
It’s a decision the sec needs to make in 10 days I give it 70/30 chance they Don’t appeal but I don’t know what’s on their mind. Going to the charts xrp is so ready for a massive pump … let it free please we shall see if it finally realizes or not really don’t want to wait another 2 years on the second circuit ….
1. Limit the Scope of the Loss:
The ruling would apply primarily to Ripple and secondary market sales within the Southern District of New York (SDNY), rather than becoming a binding precedent for all cases in the 2nd Circuit and beyond.
2. Avoid Creating a Stronger Precedent:
By not appealing, the SEC prevents the risk of a broader legal precedent being established in the 2nd Circuit that could undermine their ability to regulate secondary crypto transactions.
Benefits If they do appeal
1. Chance to Reverse the Programmatic Sales Ruling:
If the SEC wins on appeal, they could overturn the decision that programmatic sales aren’t securities, restoring their ability to regulate secondary crypto market transactions more broadly.
2. Clarify Regulatory Authority:
A victory in the 2nd Circuit would establish a binding precedent that strengthens the SEC’s regulatory power over the crypto industry, setting a legal standard for future enforcement.
It’s a decision the sec needs to make in 10 days I give it 70/30 chance they Don’t appeal but I don’t know what’s on their mind. Going to the charts xrp is so ready for a massive pump … let it free please we shall see if it finally realizes or not really don’t want to wait another 2 years on the second circuit ….
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