Fun

News Feed - 2023-07-17 10:07:56

Brayden Lindrea7 hours agoRipple case: SEC appeal unlikely as agency gains from ‘current confusion’ — Haun Ventures CEOAn immediate appeal could potentially jeopardize the SEC’s “entire enforcement agenda” if it ends up losing, said Katie Haun of Haun Ventures.6203 Total views18 Total sharesListen to article 0:00NewsJoin us on social networksA former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United States securities regulator lodges an immediate appeal against the Ripple case ruling, as it currently benefits from lack of “legal clarity.”


On July 13, Judge Analisa Torres granted a partial summary judgmentin favor of Ripple Labs regarding XRP’s status as a security. At the time, a few commentators warned that an appeal from the SEC would be a possibility.


However, in a July 15 Twitter thread, Haun Ventures CEO Katie Haun explained that the securities regulator will likely stay quiet as it benefits from the “current confusion” and that losing an appeal could jeopardize its future enforcement actions.Some non-legal advice musings on the Ripple decision, including two main takeaways:

1/ The Court drew a reasonable line and overall it's a good outcome for the industry. For other suits w/ the SEC, we believe the Supreme Court’s “major questions doctrine” will play a larger…— Kathryn Haun (@katie_haun) July 15, 2023


“Anything is possible, but an immediate appeal seems unlikely both because the agency would have to ask the court to split this decision from the portion going to trial and because I’m skeptical the SEC actually wants legal clarity,” said Haun.“The Commission benefits from the current confusion and losing these issues on appeal would jeopardize its entire enforcement agenda. So I’d be surprised if the SEC tried to appeal now.”


Haun is but the latest commentator to share the view.


On July 15, Ripple Labs CEO Brad Garlinghouse also believes it may “take years” before the SEC lodges an appeal. He added that an appeal by the SEC would only reinforce Judge Torres’ decision that XRP is not a security.


In a video posted on YouTube on the same day, U.S. lawyer and Ripple commentator Jeremy Hogan said he believes the SEC will launch an appeal after the trial between SEC and Ripple ends, which is scheduled for early 2024.


The SEC is currently suing crypto exchanges Binance and Coinbase over alleged violations of securities laws. Some believe the recent Ripple case ruling, while not a binding precedent, could have an impact on the outcome of the cases. 


Related:Ripple decision is "troublesome on multiple fronts", says former SEC official


Meanwhile, many crypto commentators and lawmakers have called for Congress to take action and give legal clarity to crypto in light of the recent ruling.


Brian Quintenz, a former commissioner of the Commodity Futures Trading Commission who is now head of policy for crypto venture capital fund a16z, stated that the recent Ripple court ruling “only results in more uncertainty for entrepreneurs and builders.”


U.S. Senator Cynthia Lummis said the ruling underscores the urgent need for Congress to establish a clear and comprehensive regulatory framework for the cryptocurrency industry.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Crypto regulation: Does SEC Chair Gary Gensler have the final say?# Altcoin# Law# Business# Congress# Security# Ripple# SEC# XRP# US Government# Court# RegulationAdd reactionAdd reactionRelated NewsWho invented NFTs?: A brief history of nonfungible tokensHow to use index funds and ETFs for passive crypto incomeIt’s time for the SEC to settle with Coinbase and RippleCoinbase blasts SEC for ‘no straight answers’ following court orderRipple gets in-principle nod for digital asset services in SingaporeBad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

News Feed

Prashant Jha10 hours agoFTX claims climb to 57% as Sam Bankman-Fried found guilty on all countsThe recent surge in FTX claims is attributed to its early investment in AI companies, which have jumped in valuation.4329 Tot
Russian Court Confirms Arrest Warrants for 3 Finiko Founders
Russian Court Confirms Arrest Warrants for 3 Finiko Founders Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notor
BlackRock has ‘no commercial relationship’ with Hedera, HBAR sinks 32%
Brayden Lindrea6 hours agoBlackRock has ‘no commercial relationship’ with Hedera, HBAR sinks 32%A BlackRock spokesperson confirmed the firm wasn’t directly involved in Archax and Ownera’s decision to tokenize sha
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings 
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings  Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt
Ripio Announces Expansion to Colombia in Next Months
Ripio Announces Expansion to Colombia in Next Months Ripio, an Argentinian cryptocurrency exchange, has announced concrete actions regarding its expansion to Colombia. The company
Chinese Court Declares Ethereum Legal Property With Economic Value
Chinese Court Declares Ethereum Legal Property With Economic ValueA district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
While Its Lost 94% in Value Since the Collapse, Terra"s Fractured Ecosystem Is Still Worth $2.5 Billion It’s been five months since the Terra ecosystem collapsed as tens of
AI, ETFs will power a decade-long ‘gold rush’ for Bitcoin: Michael Saylor
Brayden Lindrea4 hours agoAI, ETFs will power a decade-long ‘gold rush’ for Bitcoin: Michael SaylorInstitutions will compete to capture as much of Bitcoin’s ever-decreasing supply until the end of 2034 as 99% of Bi
Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Why Isn’t XRP Skyrocketing After Ripple’s SEC Victory? Analysts Explain
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Dogecoin Price Could Shoot Up To $2.74 – Here’s The Support Level To Watch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny
Este artículo también está disponible en español. FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability t