SEC May Not Appeal Ripple Ruling, Lawyer Predicts
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- SEC will not appeal the decision in XRP lawsuit if legal considerations are taken into account.
- Lawyer Bill Morgan highlighted that judges in Binance and Kraken lawsuits sided with Judge Torres.
- Crypto community on X called the SEC corrupt for filing the XRP lawsuit in the first place.
Digital assets lawyer Bill Morgan suggests the U.S. Securities and Exchange Commission (SEC) might forgo an appeal in the Ripple case if “merely legal considerations are influencing the decision.” This comes as Judge Orrick in the Kraken case aligned with Judge Jackson in the Binance case and Judge Torres in the XRP lawsuit.
In a post on social media platform X (formerly Twitter), Morgan explained that Judge Torres, Judge Jackson, and Judge Orrick all differentiate between primary and secondary market transactions. However, Judge Rakoff in the Terraform Labs case made no such distinction, causing an uproar in the community. Many commentators found Rakoff’s ruling inconsistent which reflected poorly on the reasoning of Judge Torres in the XRP lawsuit.
The post SEC May Not Appeal Ripple Ruling, Lawyer Predicts appeared first on Coin Edition.
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