Ripple's Legal Battle: Will the SEC Drop the Appeal Under New Leadership?
The Ripple lawsuit faces a key moment as Paul Atkins gets ready to lead the SEC. This change puts the SEC appeal and future XRP legal news in question. The shift in cryptocurrency regulation depends on how the new management handles current cases. Also Read: ADA Surges 25% in a Week: Ethereum Killer Gains Momentum with Whale Backing Will The SEC’s New Leadership Influence The Ripple Case Outcome And Cryptocurrency Regulation? Source: Watcher Guru Current State of the Ripple SEC Case Source: Watcher Guru The SEC won part of their case in the Ripple lawsuit. The court found that Ripple sold $700 million in unregistered securities to big institutions. Former SEC attorney Marc Fagel clarified: “The SEC won in part and lost in part. The court agreed with the SEC that Ripple illegally sold over $700 million in unregistered securities in institutional sales and imposed a $125 million penalty for that violation.” Appeal Status and Settlement Prospects Because both parties appe...