SEC Likely to Win Ripple Appeal, Says Better Markets CEO, Slams Judge’s XRP Decision
Dennis Kelleher, CEO of Better Markets, predicts a 90% chance that the SEC will win its appeal in the Ripple XRP case. Criticizing the court’s ruling as flawed.
He argues that District Judge Analisa Torres misapplied the law by providing securities law protection. To sophisticated investors rather than unsophisticated ones. Kelleher’s comments were directed at Ripple’s chief legal officer, Stuart Alderoty, who has expressed confidence in the ruling and skepticism about the SEC’s chances on appeal.
Alderoty argues that the ruling. Which imposed a $125 million penalty on Ripple, is unlikely to be overturned and criticizes the SEC for overreaching.
Clever Robot News Desk 19th August 2024
