Ripple: SEC Could Face ‘Bruising Defeat’ Against the Fintech Firm, Says Legal Experts
The ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulator’s chances of a victory are growing slimmer according to legal experts. On Oct 30, senior analyst Roslyn Layton told Forbes: “If that’s how it ends, it will have been a self-inflicted disaster from the start.”
Crypto legal experts have hinted that the SEC could be looking at a “bruising defeat” in its case against Ripple. A verdict against the regulator could severely limit its capacity to oversee the regulation of the crypto asset sector. This would be a big win for the industry and innovation in the U.S. Ripple and token holders have been fighting back for almost two years, and their case is strengthening. Furthermore, over 75,000 XRP investors have joined the cause filing amicus briefs backing Ripple.
Source
https://t.me/Cronos_Cardano_Ripple
