NewsletterXRP Ruling: 2 Options Judge Analisa Torres Has If US SEC Wins Appeal
Crypto News: Going by the recent court statements from the U.S. Securities and Exchange Commission (SEC), chances are that the agency could soon file for a request to appeal against the XRP lawsuit Summary Judgment soon. Already, the crypto market has been weighing on several options left before the US SEC if it wants to challenge the decision. However, it is important to analyze what could Ripple do next if the US SEC manages to win the appeal. Meanwhile, the XRP price is maintaining sideways action after having some correction after the Summary Judgment led rally.
Also Read: XRP Copycat Jumps 520%, Innovative Project or a Red Flag?
XRP Token Holders, Not Investors
Recently, US SEC chair Gary Gensler evaded a question on the Ripple lawsuit ruling citing the agency takes a collective decision with all the other commissioners. Interestingly, he repeated his warning to ‘investors’ about the crypto market, to which American businessman Mark Cuban took objection. He said,
“(Gary Gensler) is in the habit of exclusively calling token holders investors. He knows that is incorrect, but it serves his purpose.”
John Deaton: The Howey Factors
Reacting to Gensler’s comment on the question of the SEC going for appeal, John Deaton, the attorney representing token holders in the lawsuit, said the judge will have a cushion of the first two Howey tests satisfying the ruling that the programmatic sale of XRP tokens to retail traders is not a securities transaction.
“If the SEC won on appeal regarding the 3rd factor, the case gets Remanded for Judge Torres to apply the other two factors, where she likely finds that those factors are lacking – giving us the same practical result we have today.”
As per the Howey test, transactions are deemed to be investment contracts if one invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.
Also Read: Litecoin (LTC) Halving is Days Away, How High Can Price Rise?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BlackRock Bitcoin ETF Ranks Among Top ETFs In 2025 Despite Crypto Downturn
- Stablecoin Adoption Deepens as Klarna Turns to Coinbase for Institutional Liquidity
- Ripple, Circle Could Gain Fed Access as Board Seeks Feedback on ‘Skinny Master Account’
- Fed’s Williams Says No Urgency to Cut Rates Further as Crypto Traders Bet Against January Cut
- Trump to Interview BlackRock’s Rick Rieder as Fed Chair Shortlist Narrows to Four
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
