Ripple’s recent legal victory over the SEC has caused great upsetting in the crypto world. After a long, legal battle, the SEC dropped the lawsuit against Ripple. This has made the industry bustling with excitement. The decision could mark a major change in how regulators handle US digital assets and set a significant precedent for future cases.
Legal expert Jeremy Hogan provides a detailed breakdown of the current situation, explaining that it is still unknown whether Ripple agreed to the same while the SEC depresses its appeal. He said the verdict from Judge Torres, which includes a $125 million punishment and an injunction, was Ripple’s worst scenario. This can happen next:
- Ripple was able to continue sue seeking court ruling on whether the investment agreement required a formal contract.
- Ripple may agree to withdraw its appeal. The case will be returned to a court where both parties can attempt to amend the judgment.
- Ripple could withdraw the appeal and reach a private agreement with the SEC without altering the judgment.
- Ripple may only pay $125 million and move on without further legal action.
This result could have lasting impact on the crypto industry as the SEC’s decision to retreat from an offensive stance shows a potential shift towards clearer and more balanced regulatory guidelines.
The legitimate victory sets the stage for clearing Ripple’s major obstacles and continuing its mission to revolutionize cross-border payments. It also suggests a future in which digital assets will be regulated under clearer rules and create opportunities for growth for the industry. If Ripple can maintain this momentum, it is a game changer in the crypto space and could offer a new pass for digital currency.
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