SEC Faces Setback in Court, Ripple Sees Potential Opportunity

• A court in the U.S. has slammed the SEC in an appeal against NAM.
• The court blamed Gary Gensler for directing an illegal move.
• The latest judgment against the SEC triggers hope among Ripple supporters.

A U.S. court has ruled against the Securities and Exchange Commission declaring that the agency unlawfully rescinded a rule on proxy advisory firms without adhering to the Administrative Procedure Act.

This decision, highlighted by Ripple’s Chief Legal Officer on a post on X (formerly Twitter), has drawn attention to the SEC Chair Gary Gensler’s involvement in the matter and could have implications for Ripple’s ongoing legal battle with the agency.

For context, the judgment pertains to an appeal in the case between the SEC and the U.S. National Association of Manufacturers (NAM). The case spanned several years, culminatin…

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