The XRP community is closely following Ripple's legal battle with the SEC. Marc Fagel, a former SEC regional director, urges XRP holders to focus
The XRP community is closely following Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). As the SEC approaches its October 7 deadline to appeal a recent ruling, many in the XRP community are eagerly awaiting the next development. However, one former SEC official is urging XRP holders to focus on the token itself rather than Ripple’s legal situation.
A recent court ruling stated that secondary XRP sales are not securities, a decision that Ripple has hailed as a legal victory. However, some legal experts are cautioning that it may be too early for XRP holders to celebrate. While Judge Torres made a distinction between institutional and programmatic sales, another federal Judge Rakoff rejected this distinction in a separate case.
“Don’t Let SEC Ruling Dictate XRP Investment Decisions. Judge Noted ‘Reasonable XRP Holders’ Don’t Rely on Ripple for Investment Choices – Legal Saga Continues.”
Some legal experts are urging XRP holders to pay close attention to the specific language used in the court ruling. Judge Torres noted that “reasonable XRP holders” do not rely on Ripple for their investment decisions. This observation could have implications for how the court views the relationship between XRP and Ripple.
The court ruling also highlighted XRP’s use in cross-border payments and other financial services. Despite Ripple’s legal challenges, XRP has continued to demonstrate its utility in the financial sector. Many believe that XRP’s real-world use cases are crucial to its long-term growth and relevance in the market. As the token’s role in the financial system expands, it could continue to drive interest regardless of the ongoing legal battles.
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