Former Securities and Exchange Commission (SEC) Chair Jay Clayton recently commented on the long-running battle between the SEC and Ripple. Going by his remarks, there is reason to believe that the case isn’t coming to an end anytime soon.
SEC Could Appeal Court’s Ruling
In an interview with Henri Arslanian, the host of the Future of Money Podcast, Clayton hinted that the Commission could appeal Judge Analisa Torres’ ruling. While commenting on how the court ruled that programmatic sales didn’t qualify as securities, he alluded to whether or not the appellate court would reach a similar conclusion upon appeal.
The XRP community isn’t taking Clayton’s remarks lightly, considering that the former SEC Chair could still be in the loop about what goes on in the Commission. Moreover, Clayton’s administration commenced the SEC’s case against Ripple. As such, this is a case in which he still has some sort of interest.
Clayton also spoke about seeing what the court’s ruling
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