{"id":101995,"date":"2024-11-29T05:57:55","date_gmt":"2024-11-29T09:57:55","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101995"},"modified":"2024-11-29T05:58:56","modified_gmt":"2024-11-29T09:58:56","slug":"experts-predict-sec-may-drop-appeal","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/experts-predict-sec-may-drop-appeal\/","title":{"rendered":"Ripple vs. SEC: Experts Predict SEC May Drop Appeal"},"content":{"rendered":"\n

Former CFTC Chair Chris Giancarlo<\/a> and XRP lawyers, including Bill Morgan, say the US SEC will drop the\u00a0appeal.<\/p>\n\n\n\n

\"Ripple<\/figure>\n\n\n\n

The US Securities and Exchange Commission (SEC) is reportedly likely to drop its appeal in the lawsuit against Ripple. <\/p>\n\n\n\n

Former CFTC Chairman Chris Giancarlo and pro-XRP attorneys suggest it\u2019s \u201cvery plausible\u201d that a new SEC chair under a Trump administration would end the case against Ripple Labs. This could have a transformative impact on XRP.<\/p>\n\n\n\n

Ripple vs SEC Lawsuit Approaches Resolution<\/h2>\n\n\n\n

FOX Business journalist Charles Gasparino shared on X that Donald Trump\u2019s return to the presidency appears to be a game-changer for XRP. <\/p>\n\n\n\n

His post sparked significant excitement within the XRP community, fueling bullish sentiment during Thanksgiving.<\/p>\n\n\n\n

Gasparino also mentioned that former CFTC Chairman Chris Giancarlo predicted the \u201cnew SEC will drop the appeal\u201d against Ripple. <\/p>\n\n\n\n

The SEC has appealed decisions that declared XRP sales by Ripple and its executives, Brad Garlinghouse<\/a> and Chris Larsen, as not being securities. <\/p>\n\n\n\n

Meanwhile, Ripple has filed a cross-appeal on whether investment contracts must have \u201cessential rights and obligations.\u201d<\/p>\n\n\n\n

Pro-XRP attorneys, including Bill Morgan, Fred Rispoli, and Jeremy Hogan, believe the appeals are likely to be dismissed or withdrawn. <\/p>\n\n\n\n

Morgan stated in a November 29 post that the appeal is likely to be dropped since Judge Torres made no errors in her ruling.<\/p>\n\n\n\n

\u201cThe political motive for continuing a near hopeless appeal will largely disappear when its main internal SEC enabler Gary Gensler resigns on 20 January 25,\u201d Morgan added.<\/p>\n\n\n\n

XRP Eyes $2 Milestone<\/h2>\n\n\n\n

The XRP community is optimistic about the token reaching $2, driven by SEC Chair Gary Gensler\u2019s anticipated departure and Trump\u2019s pro-crypto stance. <\/p>\n\n\n\n

The Trump-Vance transition team has nominated crypto-friendly leaders for key government roles, with Paul Atkins being a frontrunner to become the next SEC chairman. Ripple\u2019s Chief Legal Officer Stuart Alderoty expressed optimism about these developments.<\/p>\n\n\n\n

XRP\u2019s price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has surged 200% amid the so-called Trump trade, reaching $1.64, its highest in three years. Trading volumes are increasing as the lawsuit nears its conclusion.<\/p>\n\n\n\n

Previously, as reported, the US District Court ruled in favor of Ripple and CEO Brad Garlinghouse in the lawsuit. The court has now granted a motion to expedite judgment in the In re Ripple Labs Inc. litigation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former CFTC Chair Chris Giancarlo and XRP lawyers, including Bill Morgan, say the US SEC will drop the\u00a0appeal. The US Securities and Exchange Commission (SEC) is reportedly likely to drop its appeal in the lawsuit against Ripple. Former CFTC Chairman Chris Giancarlo and pro-XRP attorneys suggest it\u2019s \u201cvery plausible\u201d that a new SEC chair under […]<\/p>\n","protected":false},"author":56,"featured_media":102003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9342,146,4680],"class_list":["post-101995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple-vs-sec","tag-xrp","tag-xrp-lawsuit"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Ripple-vs.-SEC-Experts-Predict-SEC-May-Drop-Appeal.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101995"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/102003"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}