Ripple As we approach the end of the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and the U.S. Securities and Exchange Commission (SEC), the cryptocurrency community continues to remain on edge. Recent comments from former SEC chairman Jay Clayton suggest the final decision may not be the end of the road.
Managed the case during his term of office Jay Clayton, gave his views in an interview with crypto commentator Henri Arslanian on The Future of Money podcast. Clayton touched on the possibility that both sides could appeal Judge Analisa Torres’ decision.
Pro-XRP and pro-crypto lawyer Bill Morgan highlighted Clayton’s remarks about emphasized.
What I take from Clayton’s comments is that he expects both sides and certainly the SEC will appeal the Torres decision. I am sure he still has close contacts at the SEC. https://t.co/smx2QKfqlG
NEWS CONTINUES BELOW— bill morgan (@Belisarius2020) February 4, 2024
Could There Be More Objections to Ripple and the SEC?
Clayton expects protracted legal developments to extend beyond the initial decision. Especially Ripple XRP In the context of token sales and subsequent secondary trading, the inherent uncertainty of what constitutes a securities transaction remains.
Although Bill Morgan shared his belief that XRP has been determined not to have security status, issues remain outstanding in the case and questions remain to be resolved.
Clayton explained that the court ruled that Ripple’s initial capital increase was a securities offering that should be subject to stricter regulations. However, it was decided that trading in secondary markets was excluded from this scope. There is a belief that this distinction is likely to be contested by both sides.
At the same time, Clayton noted the SEC’s firm stance on strictly regulating capital raising transactions. This statement is at the heart of the ongoing debate on fundraising methods in the cryptocurrency space. Recently, Digital Asset Investor (@digitalassetbuy), a prominent supporter of XRP, highlighted a video of Ethereum founder Vitalik Buterin talking about fundraising.
Digital Asset Investor: “Here’s Valerie from the SEC. “After watching the video of Vitalik describing an illegal securities offering (ICO), it appears at the end of the screen,” he said, addressing the alleged double standards imposed by the regulator.
