The post Ripple vs SEC: How Sarah Netburn’s Nomination Could Shape the Outcome appeared first on Coinpedia Fintech News
Sarah Netburn’s recent nomination as District Judge in the Southern District of New York (SDNY) holds significant implications, particularly within the ongoing legal confrontation between Ripple vs SEC. As the sitting judge presiding over the Ripple vs. SEC case, Netburn’s demonstrated pro-crypto stance and reputation for rendering equitable judgments could potentially tilt the scales in favor of Ripple.
The timing of her nomination is crucial as the unresolved matter of Ripple’s opposition to the SEC’s hefty civil penalties underscores the importance of her judicial role.
Why it Matter?
In its recent filing, Ripple aggressively contested the SEC’s unreasonable demands instead of proposing a maximum penalty of $10 million. With three key arguments challenging the SEC’s claims and emphasizing changes in XRP sales practices, Ripple’s pos
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