The post Ripple vs. SEC: Ripple’s Path Forward After SEC vs. Govil Appeal appeared first on Coinpedia Fintech News
Stuart Alderoty, the Chief Legal Officer of Ripple Inc., took to Twitter to highlight a pivotal development in the appeal of the SEC vs Govil case which can significantly affect the lawsuit between Ripple Inc. and the U.S. Securities and Exchange Commission.
Stuart Alderoty’s Tweet
In his tweet, Alderoty highlights the significance of the Second Circuit Court of Appeals’ refusal to reconsider their decision in the SEC vs Govil case.
He highlights a crucial aspect of the ruling, stating, “if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller.”
This statement resonates particularly with the tension prevailing in the SEC’s irrational demand of a $2 billion file from Ripple for the unregistered contractual sale of XRP tokens and the profit gained with them.
Bill Morgan’s Insight
Responding to Alderoty’s
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