Welcome to Extreme Investor Network, where we provide you with unique insights into the world of the Stock Market, trading, and all things related to Wall Street. Today, we’re diving into the latest news surrounding the SEC appeal against the Programmatic Sales of XRP ruling.
After Judge Amy German Jackman dismissed the SEC vs. Binance case, speculation has been rising about whether the SEC will appeal the Programmatic Sales ruling. Judge Jackman’s reference to the ruling in her decision has sparked a debate among investors.
It’s essential to note that Judge Rakoff, who presided over the SEC vs. Terraform Labs case, had a different opinion. He ruled that Terraform Labs and Do Kwon failed to register TerraUSD and Luna as securities. This contrasting view adds another layer of complexity to the situation.
Investors are now faced with a critical decision – will the SEC risk losing on appeal, or will they take the case to the US Supreme Court? Ripple CEO Brad Garlinghouse hinted at the possibility of the case reaching the highest court in the land, highlighting the challenges regulators may face.
As we await further developments, the threat of an SEC appeal will likely continue to impact XRP’s price action in the near term. Stay tuned to Extreme Investor Network for more updates on this evolving situation.
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