Price: $0.38858 0.3835%
Market Cap: 57.04B 1.9136%
Volume (24h): 24.86B 0.4%
Dominance: 1.9136%
Price: $0.38858 0.3835%
Market Cap: 57.04B 1.9136%
Volume (24h): 24.86B 0.4%
Dominance: 1.9136% 1.9136%
  • Price: $0.38858 0.3835%
  • Market Cap: 57.04B 1.9136%
  • Volume (24h): 24.86B 0.4%
  • Dominance: 1.9136% 1.9136%
  • Price: $0.38858 0.3835%
Home > Information news > What’s Next in Ripple vs SEC Case After Appeal Notice, and How Will It Affect XRP Price?

What’s Next in Ripple vs SEC Case After Appeal Notice, and How Will It Affect XRP Price?

Release: 2024/10/10 18:32 Reading: 266

Original author:CaptainAltcoin

Original source:https://coinmarketcap.com/community/articles/6707aa3a6d4f3c34293f2986

Ripple vs. SEC Appeal: Key Developments and Implications

In a video titled "The SEC Appeal: What's Next?", crypto analyst examines the ongoing Ripple case and the SEC's recent appeal notice. provides insights from renowned legal expert James Murphy, also known as "Meta Law Man."

Summary of Judge Torres' Ruling

  • Only Ripple's institutional sales of XRP were deemed unregistered securities.
  • XRP itself was not classified as a security.
  • Retail sales not involving Ripple were also exempt.
  • No victims or losses were suffered by institutional investors, and no fraud was established.
  • Ripple was ordered to pay a civil penalty, but no disgorgement was required.

SEC's Appeal

As anticipated by Murphy, the SEC has formally filed an appeal. They have 14 days to outline the specific issues they are disputing. The SEC is likely to contest the following:

  • The determination that Ripple's sales on exchanges are not investment contracts.
  • The lack of disgorgement due to the absence of proven losses among institutional investors.

Ripple's Potential Cross-Appeal

Murphy strongly supports Ripple filing a cross-appeal, arguing that institutional sales should not be considered investment contracts but rather wholesale transactions. He draws parallels to the Howey case, emphasizing that institutional buyers acted as resellers rather than investors in Ripple.

Procedural Timeline

Once the SEC files its brief, Ripple will have two weeks to respond. The entire appeal process is expected to take over a year, with a potential final decision in early 2026. External factors, such as amicus briefs and congressional interventions, could further delay proceedings.

Impact on XRP Price

XRP's price has been consolidating sideways, with expectations that this trend may continue. Ongoing legal issues could hinder its performance. However, some analysts suggest a potential long-term rally based on certain metrics, including recent price movements and momentum indicators.

Conclusion

The Ripple vs. SEC case remains a significant development in the regulation of cryptocurrencies. The SEC's appeal introduces additional uncertainty, but it also provides Ripple with an opportunity to further clarify its position and advocate for favorable outcomes. The ongoing legal developments will continue to shape XRP's market dynamics and the broader crypto landscape.

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