Regulation
Judge Torres Reflects on Sentence, Alderoty Considers Regulation
Ripple vs SEC: Judge Torres deliberates on a final ruling on sanctions and injunctions in the remedies phase, with potential appeals being reviewed by the parties. The military and XRP lawyers expect a decision in the case in August, now that July is almost over without any progress. Experts note that appeals are likely to be pending in the case soon after the court’s verdict.
Experts weigh appeals in Ripple vs. SEC case
Ripple’s multiple victories have made the cause likely the the weakest case for the US SEC
as believed by many, including financial advisor Mickle. However, as lawyers have indicated, both parties could still to file appeals against previous decisions.
Many motions including expert test, unseal the documentsAND final judgement I am waiting in front of Judge Analisa Towers and Judge Sarah Burn the netSome lawyers like Fred Rispoli AND James Murphy He argued that Judge Torres could have ignored the motions presented to Judge Netburn and announced the final ruling at the appeal stage in July or August.
Ripple vs. SEC Expert Sherry He said that the SEC’s failure to appeal the case will hurt all other cases involving cryptocurrencies. He also asks why Ripple has not appealed the decision that ODL sales are securities offerings. The company makes more money through its XRP ODL sales.
Fines should not be a concern for Ripple and the XRP Army, as Judge Torres will decide on an amount with an explanation. The wording of an injunction would be the deciding factor, which will impact its business.
Former SEC Attorney Mark Fagel stated, “The SEC has publicly proclaimed its intention to appeal the case. Beyond that, there are things to speculate about the impact of subsequent cases, changes in policy or strategy, etc.” However, the prior denial of the interlocutory appeal and the risks of escalation to the Second Circuit Court are key concerns for the SEC if it appeals the summary judgment.
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Controversial position on the agreement
The settlement in the XRP lawsuit remains the most controversial part of the case, with speculation emerging over a move by Ripple or the SEC. With the latest speculation sparked by the SEC’s closed-door meeting. CEO of Ripple by Brad Garlinghouse Commentary on the lawsuit and settlement between Ripple and the SEC during an interview with Bloomberg made things even more intense.
However, lawyers including Mark Fagel AND Bill Morgan They have clarified recent settlement rumors. Ripple executives have denied any discussions about settlements. However, the court is likely to give the parties time to meet and confer about the deal.
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Stuart Alderoty, CLO of Ripple, on Regulatory Clarity
Stuart AlderotyRipple’s chief legal officer, spoke about the evolving regulatory landscape for cryptocurrencies, according to a IUE video released on July 26. Alderoty delved into the regulatory approaches of the EU, UK and US, focusing on the differences between the EU’s MiCA, the UK’s Financial Services and Markets Act 2023 and the US strategy of “regulation by enforcement”.
He expressed dissatisfaction with regulation through enforcement in the United States when it comes to cryptocurrencies. Fortunately, clear regulations are underway with bipartisanship in Congress, Alderoty added. Regulators need “measured regulation” to monitor bad actors versus good actors, protecting investors while ensuring the smooth adoption of technological innovations.
XRP Price trades near $0.60, up 1% over the past 24 hours. The 24-hour low and high are $0.5951 and $0.6089 respectively. Also, trading volume has significantly decreased over the past 24 hours.
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