Will SEC Face Another Setback in XRP Case?

Will SEC Face Another Setback in XRP Case?



In a filing made on Wednesday in court, the Securities and Exchange Commission (SEC) has taken a step of appealing the judge's decision about Ripple's sales of XRP, using what is called an "interlocutory appeal." The SEC is asking Judge Analisa Torres, who is overseeing the Ripple lawsuit, to allow a federal appeals court to review her earlier ruling regarding the sales of Ripple's XRP token. This ruling was previously considered in line with the laws concerning securities.



Reacting to this move by the SEC, former attorney Scott Chamberlain has made a noteworthy prediction. He recently shared on Twitter his speculation that Judge Analisa Torres might reject the SEC's request for a review in between proceedings. Chamberlain suggests that the judge's possible refusal could be based on her cautious approach to avoid introducing fresh


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#Cryptocurrency, #Cryptonewstoday, #News, #Regulations, #SEC, #Xrp

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