Dogecoin

James

<p>In a video titled<em> “The SEC Appeal: What’s Next?”</em>, the crypto analyst discusses the ongoing Ripple case and the SEC’s appeal with insights from Christy Warner and James Murphy, also known as “Meta Law Man.” <br></p>
<p>The analyst highlights the <a href="https://www.bclplaw.com/en-US/events-insights-news/sec-v-ripple-labs-a-critical-industry-win.html" target="_blank" rel="noopener noreferrer nofollow">key outcomes of Judge Torres’ ruling</a>: Only Ripple’s institutional sales of XRP were deemed unregistered securities. XRP itself was not classified as a security, and retail sales not involving Ripple were also exempt.</p>
<p>There were no victims or losses for institutional investors, and no fraud was established. Ripple was ordered to pay a civil penalty, but no disgorgement was required.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The analyst notes that James Murphy anticipated the SEC’s appeal after their previous discontent with the ruling. The SEC has now filed their notice, initiating the formal appeal process. They have 14 days to outline the specific issues they are contesting.</p>
<h2 class="wp-block-heading" id="key-issues-expected-to-be-appealed">Key Issues Expected to Be Appealed</h2>
<p>The SEC may challenge the decision that Ripple’s sales on exchanges are not investment contracts. The SEC likely wants to contest the lack of disgorgement due to the absence of proven losses among institutional investors.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/best-crypto-to-buy-on-the-dip-as-bitcoin-price-drops-below-61k/" target="_blank" rel="noopener noreferrer nofollow">Best Crypto to Buy on the Dip as Bitcoin Price Drops Below $61k</a></em></strong></p>
<p>Murphy explains that the ruling created a conflict between circuit courts, and if the SEC loses again, they might seek an en banc hearing or escalate to the U.S. Supreme Court.</p>
<p>The analyst mentions that Ripple is considering a cross-appeal. Murphy strongly supports this, arguing that institutional sales should not be viewed as investment contracts, but rather as wholesale transactions.</p>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="The SEC Appeal: What's Next?" width="840" height="473" src="https://www.youtube.com/embed/c3o1OPFTwo0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<h2 class="wp-block-heading" id="murphy-s-argument-against-investment-contracts">Murphy’s Argument Against Investment Contracts</h2>
<p>Murphy draws parallels to the Howey case, explaining that institutional buyers of <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> acted as resellers rather than investors in Ripple itself. He asserts that XRP should be treated as a commodity, distinct from Ripple’s corporate shares.</p>
<p>Once the SEC files their brief, Ripple will have two weeks to respond. The entire appeal process is expected to take over a year, with a potential final decision in early 2026. External factors, such as amicus briefs and congressional interventions, could further delay proceedings.</p>
<p>The analyst notes that the upcoming U.S. election could impact SEC leadership and regulation strategies. A change in leadership might shift the SEC’s approach to crypto, possibly leading to settlements in ongoing cases like Ripple’s.</p>
<h2 class="wp-block-heading" id="how-could-it-affect-the-price-of-xrp">How Could It Affect the Price of XRP</h2>
<p>The analyst mentions that<a href="https://captainaltcoin.com/whats-next-for-ripple-following-sec-appeal-will-xrp-price-crash/" target="_blank" rel="noopener noreferrer nofollow"> XRP’s price has been in a sideways consolidation,</a> with expectations that this trend may continue. Despite past bull markets, XRP has not benefited significantly, and ongoing legal issues could hinder its performance.</p>
<p>A report from AltFINS suggests a bearish short- and medium-term outlook for XRP price, yet some <a href="https://captainaltcoin.com/youtuber-makes-a-shocking-xrp-price-prediction-23x-by-december-ripple-vs-sec-heats-up/" target="_blank" rel="noopener noreferrer nofollow">metrics indicate a potential long-term rally</a>. Key points include:</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="568" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-1024x568.png" alt="" class="wp-image-564439" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-1024x568.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-300x166.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-767x425.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-1536x851.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-2048x1135.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-271x150.png 271w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-632x350.png 632w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369-788x436.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-369.png 922w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>The price is in an uptrend, recently hitting $0.67 but pulling back to $0.50. The nearest support is at $0.50, with resistance at $0.57 and $0.67.</p>
<p>While momentum is currently bearish, signs suggest a potential upswing may be on the horizon. Overall, the ongoing legal developments will continue to shape XRP’s market dynamics in the months to come.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/whats-next-in-ripple-vs-sec-case-after-appeal-notice-and-how-will-it-affect-xrp-price/" rel="noopener noreferrer nofollow">What’s Next in Ripple vs SEC Case After Appeal Notice, and How Will It Affect XRP Price?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

What’s Next in Ripple vs SEC Case After Appeal Notice, and How Will It Affect XRP Price?

Table of Contents

CaptainAltcoin

Other articles published on Oct 10, 2024

FBI Charges Three Crypto Firms and 15 People for Fraud

PEPPER Airdrop Turns Traders Optimistic On CHZ Price – Can the Bulls Hold the Rally Above the Gains?

Ripple CTO Lauds Elon Musk. Here’s why

FTX investors drop lawsuit against law firm Sullivan & Cromwell

Binance Expands Support For BNSOL After Listing, Here’s How To Stake

3 Best Altcoins to Buy in the US in 2024 that Can Make You a Crypto Millionaire

Join our free newsletter for daily crypto updates!