XRP Lawsuit News: The ruling in the U.S. Securities and Exchange Commission vs Ripple lawsuit is awaited and is witnessing different kinds of speculative outcomes. However, both parties have filed the final briefs seeking summary judgment in their favor. Meanwhile, an attorney following the XRP lawsuit has revealed what might be the next move from the SEC.
SEC taking a loss in XRP Lawsuit?
Attorney Jeremy Hogan replied to a user’s query regarding the XRP lawsuit. A user asked whether SEC will file for reconsideration of the summary judgment before appealing it. Hogan stated that the commission could move for reconsideration ahead.
He added that however, he doubt the SEC would file an appeal after a loss. It looks too dangerous for now. Hogan stated that if the SEC loses on appeal then it will become the controlling case authority. This can lead to the SEC losing the case in the 2nd circuit.
Hogan believes that the SEC won’t risk this as it would be a smart action to take loose here
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