Crypto Blog
The case between the US Securities and Exchange Commission and Ripple Labs moved forward after Judge Analisa Torres ruled that the company should be fined $125M in a decision that partly honored and partly discharged the SEC’s claims.
Therefore, many industry experts are anticipating the Commission’s appeal and challenge of the ruling. Chance of the US SEC winning on appeal 90%: the Ripple judge got 90 years of law upside down when he ruled sophisticated investors get the protection of the securities laws, not unsophisticated investors. That’s why all the other judges have rejected it.
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