Ripple SEC Case: Judge Torres Issues Order To Hold $125M Penalty On Appeal

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As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous twists and turns in court cases that could make even the most ardent legal enthusiast dizzy. The Ripple SEC case is no exception. Judge Torres’ decision to grant Ripple a stay on paying the $125 million penalty is a strategic move that buys both parties time for potential appeals, which seems imminent given the SEC’s hints of appeal.

The organization, SEC, and its affiliates are actively seeking to ensure compliance with rulings, potential penalties, and potential appeals in the remedying phase. This includes decisions made by the judges’ pivotal decisions during the remediation stage

Ripple SEC Case On Track Towards Appeal

In a recent turn of events in the US SEC vs. Ripple Labs case, Judge Torres has granted Ripple’s petition for a stay on the $125 million payment to the government agency. This means that the money will be held in a trust temporarily, giving both parties additional time to appeal the significant ruling and potentially reconsider the decision

The parties have reached an agreement to ensure that the 1111111% Rises, manage a portion of the percentage of the bank account balance of the judgment in a law firm in a bank account balancing in a bank account in a bank account managed by a law firm. The stay with the SEC case will remain in the post-judgstewsues in the SEC’s in SEC court system

Initially, Ripple’s top executives, including CEO Brad Garlinghouse, stated they had no plans to lodge an appeal. However, legal experts who previously worked for the SEC have indicated that Ripple Labs should file a counter-appeal in the Ripple vs. SEC case. If Ripple Labs decides not to submit a counter-appeal, it will be seen as acknowledging the debt of $125 million

Lawyers Say Appeal Will Have Not Impact on XRP Price

Lawyer Fred Rispoli, who is a strong advocate for Ripple (XRP), posted on September 5th that it’s unlikely a ruling on the SEC’s appeal will come until 2026. He points out that the SEC’s repeated lawsuits against crypto exchanges and classification of numerous tokens as securities has weakened their argument. Furthermore, Rispoli suggests that if Hester Pierce, who is affectionately known as “crypto mom,” were to become Chair, there’s an 80% chance that the appeal would be dropped

“If these cases are accepted, I’m confident they fall under the programmatic sales ruling. There might be a request for restitution, but since that part relies on 2nd Circuit precedent, I don’t anticipate a change in that decision. It would be more beneficial to challenge that aspect in another court and aim for a split in circuits.”

As the SEC mulls over whether to file an appeal or not, there’s a possibility that such action could take place this month, which would mean another round in the Ripple vs. SEC case unfolds at the Second Circuit Court of Appeals

One possible way to paraphrase a more natural and easy-to-read language approach is to describe a scenario where the focus is on a group of skilled but diverse individuals coming together to discuss and debate their differing perspectives on a topic, leading to an engaging discussion that emphasizes the need for compromise and collaboration, with each person bringing unique insights that reflect different viewpoints

Derivative traders’ interest in XRP has decreased, with the open interest for XRP futures falling by 0.67% today. As of now, the total open interest for XRP futures stands at approximately 1.08 billion, equating to around $593.51 million, according to data from Coinglass

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2024-09-05 10:36