- Attorney Jeremy Hogan views the SEC’s appeal as a major misstep that may weaken their regulatory power over crypto.
- Ripple’s ongoing legal battle underscores the need for clearer regulations to protect investors and guide crypto companies.
- The SEC’s actions could unintentionally empower Ripple, allowing it to raise concerns about “Blue Sky” laws in future cases.
Judge Torres’ judgment in the SEC v. Ripple case caused the SEC to lodge an official notice of appeal. The court determined that Ripple’s XRP programmatic sales do not violate any securities laws. However, the court decided that direct sales to institutional investors indeed breach that legal threshold.
Jeremy Hogan’s Insights
Attorney Jeremy Hogan, known for his crypto legal knowledge, commented on the SEC’s ruling. He described the appeal as the SEC’s “big mistake.” Even if the SEC wins its appeal, Hogan believes it will only help the agency financially. The SEC’s attempts may ultimately fail to protect investors. Instead, they may allow Ripple to express its reservations about “Blue Sky” legislation.
Investor protection actions launched by the SEC may ultimately fail. Instead, they could enable Ripple to raise concerns about “Blue Sky” legislation. If Ripple wins this case, the SEC’s capacity to control the whole crypto ecosystem may be significantly weakened.
Hogan also noted that this appeal follows a mixed ruling from U.S. District Judge Analis Torres. Hence, the legal landscape may shift dramatically depending on the outcome. The SEC’s appeal signals continued scrutiny of digital assets. The agency seeks to challenge the final judgment from August 2024. This appeal process may take time, potentially delaying resolution until late 2025 or early 2026.
The Broader Implications for Crypto Regulation
Ripple CEO Brad Garlinghouse voiced concern about the SEC’s continued legal proceedings. He underlined that the agency’s actions damaged investors rather than protecting them. This ongoing struggle underlines the necessity for clear legislative frameworks in the cryptocurrency sector. Investors and companies need guidelines to navigate this complex landscape.
Moreover, Hogan’s comments reflect a growing sentiment among the crypto community. Many believe the SEC’s aggressive tactics may backfire. Consequently, this could enable XRP and other digital assets to challenge regulatory authority more effectively.
The post Jeremy Hogan Warns SEC’s XRP Appeal Could Backfire, Ripple Poised to Challenge appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed