SEC Could Face Bruising Defeat Against the Fintech Firm
The ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulators chances of a victory are growing slimmer according to legal experts. 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. On Oct 30, senior analyst Roslyn Layton told Forbes: “If thats how it ends, it will have been a self-inflicted disaster from the start.” “The SEC is facing a bruising defeat against the San Francisco-based enterprise blockchain innovator @Onda. The verdict could drastically limit the SEC‘s authority to regulate crypto in the U.S. If that’s how it ends, it will have been a self-inflicted disaster from the start.” - CryptoLaw (@CryptoLawUS) 30 de octubre de 2022 The Ripple fightback The SEC took action against Ripple and two senior executives in December 2020. It accused the company of conducting an unregistered securities sale of its XRP token. Earlier this month Ripple CEO Brad Garlinghouse called the reluctance by the