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SEC Faces Setback in Court, Ripple Sees Potential Opportunity


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A U.S. court has ruled against the Securities and Exchange Commission declaring that the agency unlawfully rescinded a rule on proxy advisory firms without adhering to the Administrative Procedure Act.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

The post SEC Faces Setback in Court, Ripple Sees Potential Opportunity appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Former SEC Chair Gensler remains defiant, insists most cryptos lack fundamentals

Former SEC Chair Gensler remains defiant, insists most cryptos lack fundamentals

Gary Gensler, the former SEC chairman, who is mainly known as a villain in the crypto...
Crypto Advocate Bill Morgan Backs XRP Position; XRP Price Rally Ahead?

Crypto Advocate Bill Morgan Backs XRP Position; XRP Price Rally Ahead?

Bill Morgan, a notable crypto advocate, has backed the position of XRP, which is a Ri...

SEC Faces Setback in Court, Ripple Sees Potential Opportunity


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A U.S. court has ruled against the Securities and Exchange Commission declaring that the agency unlawfully rescinded a rule on proxy advisory firms without adhering to the Administrative Procedure Act.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

The post SEC Faces Setback in Court, Ripple Sees Potential Opportunity appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Former SEC Chair Gensler remains defiant, insists most cryptos lack fundamentals

Former SEC Chair Gensler remains defiant, insists most cryptos lack fundamentals

Gary Gensler, the former SEC chairman, who is mainly known as a villain in the crypto...
Crypto Advocate Bill Morgan Backs XRP Position; XRP Price Rally Ahead?

Crypto Advocate Bill Morgan Backs XRP Position; XRP Price Rally Ahead?

Bill Morgan, a notable crypto advocate, has backed the position of XRP, which is a Ri...