🚨Breaking News! SEC's Legal Arguments Face Double Blow from Former Officials and Top Lawyers, XRP Case Caught in Huge Controversy!🚨
Former SEC official Marc Fagel directly pointed out that the court documents submitted by the SEC "lack a solid foundation," with logical flaws everywhere! Top crypto lawyer John E. Deaton harshly criticized the SEC's explanation as "hard to be convincing," with the regulatory stance wavering, and the case's direction shrouded in suspense!
The core controversy focuses on whether XRP is a security—SEC relies on the "Howey Test" to stubbornly classify it, but the court has ruled that procedural sales do not constitute securities, leading to fierce legal contradictions! The joint filing from both sides will become an important reference for future crypto regulation lawsuits, focusing on the definitions of "common enterprise" and "reliance on the efforts of others."
The market is highly tense, and XRP's price is fluctuating wildly. Recently, the SEC and Ripple reached a partial settlement of $125 million in fines, slightly easing short-term pressure, but the regulatory fog has not lifted, and investors need to remain vigilant about subsequent developments.
The entire industry is calling for—SEC's regulatory framework urgently needs clarification, and cryptocurrency classification standards are desperately needed; market transparency is essential for the future!
The XRP battle against the SEC may redefine the regulatory landscape; are you ready to face the storm?🔥
