The post Terra Case Echoes in SEC’s Ripple Appeal Request appeared first on Coinpedia Fintech News
The legal battle between the SEC and Ripple continues to twist and turn, with the SEC now requesting an appeal against Judge Analisa Torres’ ruling. The drama unfolds with references to another case involving Terra and conflicting judgments between two judges. Let’s break down the latest developments.
Judge’s Ruling Sparks Controversy
The SEC is seeking to appeal Judge Torres’ ruling on Ripple’s programmatic sale of XRP and other distributions, citing “controlling questions of law on which there is substantial ground for differences of opinion.”
The spotlight falls on two judges: Jed Rakoff and Analisa Torres. Judge Rakoff, who presided over the Terra case, rejects Judge Torres’ reasoning in the Ripple case. The difference? Torres’ distinction between Ripple’s sales to institutional and retail investors.
A Tale of Two Judgments
Judge Torres ruled that Ripple’s XRP
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