The post Ripple News : What is SEC Doing While Ripple Surges? appeared first on Coinpedia Fintech News
With only 8 days left for the SEC to appeal against court ruling regarding the Ripple case, community heart beat is rising. People are divided into two segments. One who thinks the SEC will not file the appeal while the other believes the SEC will apply it at the last moment to extend the time. Is the Commission to appeal or not, let’s discuss.
Filing an Appeal
There is a huge speculation that the SEC is not planning for an appeal as there are chances of Administration shift in November. If Trump comes in power, he might make a number of changes in the ways the SEC works. If the commission wanted to file an appeal, it would only take fifteen minutes and then they would get another 70 days to file the actual brief. Hence there is no meaning of waiting till the deadline.
Ripple Received Stay Order
The court has ordered a civil penalty to Ripple in its August ruling. The
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