The post Ripple vs SEC: SEC Will Not Get to Appeal Until Next Year? appeared first on Coinpedia Fintech News
A significant breakthrough has been achieved in the ongoing legal showdown between Ripple, the blockchain payment company, and the United States Securities and Exchange Commission (SEC). The SEC has withdrawn all its claims against Ripple officials Brad Garlinghouse and Chris Larsen.
The crypto community has celebrated this move, perceiving it as a positive turn of events. However, some have raised concerns that the SEC’s withdrawal doesn’t necessarily mean an immediate appeal.
They cannot appeal immediately. They will need to wait until there’s a final judgment which can’t happen until the penalty phase is over. This could take months which means the SEC will not get to appeal until next year. https://t.co/moSIJy3cLh
— Eleanor Terrett (@EleanorTerrett) October 20, 2023
Eleanor Terrett, a correspondent from Fox Business, clarified that the SEC cannot appeal the cas
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