XRP partial victory threatened as SEC vs Terraform Labs ruling offers a stinging rebuke of the Ripple decision
XRP community members are still reaping the benefits of the July 13 decision by Judge Analisa Torres after she made a two-way ruling in the Ripple versus SEC case. Though partial, the decision boded better for and was also better received by the XRP camp than the regulator and chair, Gary Gensler. Evidence of this is indicated by the 70% gains investors continue to reel from.
Judge Jed Rakoff rejected the distinction made in the Ripple case between public and institutional sales.
The decision, which allowed the SEC to proceed in its case against Terraform Labs and Do Kwon, gives the regulator cause for appeal in the XRP case.
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