The <a href="https://optimisus.com/news/crypto-news/ripple-releases-1-billion-xrp-tokens-from-escrow-on-september-1st/" rel="noopener noreferrer nofollow">Ripple case</a> is heating up as the SEC&#39;s deadline to appeal approaches on October 7, 2024. Pro-XRP attorney Fred Rispoli believes there&#39;s a strong chance the SEC will challenge the recent ruling that favored Ripple, which could limit the classification of XRP sales as securities. Rispoli estimates a 60/40 split in favor of an appeal, emphasizing the high stakes involved for the <a href="https://optimisus.com/news/crypto-news/the-sec-postpones-its-decision-on-options-trading-for-several-ethereum-etfs/" rel="noopener noreferrer nofollow">SEC.</a>Legal experts, including John Deaton and Jeremy Hogan, are debating whether the SEC should focus on stronger cases instead of pursuing Ripple, with Hogan criticizing the agency for losing sight of its investor protection mandate.The outcome of any appeal could set significant precedents for the crypto industry, either reinforcing the SEC&#39;s regulatory power or solidifying Ripple&#39;s victory and complicating future cases.As the crypto community watches closely, the SEC&#39;s decision will not only impact Ripple but could reshape the entire regulatory landscape for digital assets in the U.S., raising essential questions about how these assets are classified under the law.

The SEC has just days left to decide if it will appeal the Ripple case ruling

Optimisus

Other articles published on Oct 1, 2024

Crypto Expert Predicts 61% Cardano Crash, Urges Massive ADA Short

Former Official Urges China to Reevaluate the Crypto Ban Amid Global Policy Shift

The 1500% DogWifHat Rise: Will WIF Price Surge Stop Soon?

USDC Stablecoin Set to Enter Australia And Asia Pacific With New Partnership

Canary Capital launches first U.S. HBAR Trust for institutional investors

Ripple Labs Gains Approval to Expand Operations

Join our free newsletter for daily crypto updates!