Coin

<ul class="wp-block-list news-points"> 
 <li>Lawyers explain the options for the SEC following the recent court judgment. </li> 
 <li>The SEC has 60 days to appeal Judge Analisa Torres’ decision.</li> 
 <li>Ripple can file a cross-appeal, should the SEC appeal the judgment.</li> 
</ul>   
Lawyers in the crypto industry have outlined the potential outcomes that may follow the recent court judgment penalizing Ripple with a $125 million fine in the long-standing case vs the SEC. The lawyers highlighted the options available to the SEC and Ripple, including the extent of follow-ups each party can execute after the landmark judgment.   
Commenting on the issue, former SEC lawyer Marc Fagel stated the court provides 60 days for the commission to appeal the judgment. According to Fagel, the SEC could still file an appeal after Ripple pays the fine within 30 days. However, the funds would be held pending if the SEC appeals until the court determines the outcome of the appeal.   
Renowned attorney Fred Rispoli noted an appeal by the SEC would provide a cross-appeal opportunity for Ripple. However, he thinks the FinTech firm’s reaction to the judgment does not suggest they intend to pursue the litigation process for much longer. Rispol…
The post <a href="https://coinedition.com/ripple-sec-case-lawyers-explain-the-potential-for-an-appeal/">Ripple Sec Case: Lawyers Explain The Potential For an Appeal</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple Sec Case: Lawyers Explain The Potential For an Appeal

Coin Edition

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