Will the SEC Appeal Against Ripple Succeed?
Legal expert John Deaton suggests the SEC's challenge could be complex given the nuances of the Howey Test.
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로빈후드, 미국 암호화폐 운영에 대한 SEC 조사 직면
06/05 21:59
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Brad Garlinghouse, CEO of Ripple, took a swipe at the U.S. SEC in a tweet today, reacting to recent setbacks the agency has taken since Monday. The SEC has suffered three setbacks in court this week.
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The ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market.
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If the regulator is successful in this case, it might have very negative repercussions for XRP, its investors, and the cryptocurrency sector as a whole.
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Ripple Labs was able to gain a victory against the SEC in its ongoing securities fraud case. The judge on the case denied the SEC’s motion to review certain documents that may not be material to the prosecution.
Cointelegraph