Evan

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/mark-cuban-and-coinbase-clo-uncover-inconsistencies-in-secs-ripple-ruling-appeal/">Mark Cuban and Coinbase CLO Uncover Inconsistencies in SEC’s Ripple Ruling Appeal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) suggests an appeal against the recent court ruling favoring Ripple. Claiming that Judge Analisa Torres erred in her landmark verdict, the SEC has spiced up the ongoing saga in the crypto-verse.</p> 
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   <p lang="en" dir="ltr">SEC files response in Do Kwon lawsuit, saying Judge Analisa Torres erred in her <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> ruling and the agency is likely to appeal. The kicker: "Ripple’s reasoning is impossible to reconcile with all of these fundamental securities laws principles."</p>— Dave Michaels (@davidamichaels) <a href="https://twitter.com/davidamichaels/status/1682500877540548609?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2023</a> 
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<h2 class="wp-block-heading" id="strong-sec-on-the-backfoot-struggling-to-build-a-case-strong"><strong>SEC on the Backfoot: Struggling to Build a Case?</strong></h2> 
<p>The SEC’s court filings hint at an impending recommendation for review in the XRP lawsuit ruling. However, one can’t help but notice their argument contradicts the core principles of securities laws. This pickle hasn’t gone unnoticed. Paul Grewal, Coinbase’s Chief Legal Officer, has pointed out the commission’s inability to cite a case where the Howey Test’s applicability varies based on the nature of investors.</p> 
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   <p lang="en" dir="ltr">If only the Commission cited one case, any case, in which the level of "Howey-ness" required varies based on the sophistication of the investors at issue. Tellingly, they don't, and once more argue policy over the law as it is. <a href="https://t.co/CWT9trF35K" rel="noopener noreferrer nofollow">https://t.co/CWT9trF35K</a></p>— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1682546809992822785?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2023</a> 
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<p>Grewal criticizes the SEC’s handling of the case, suggesting they’re debating policy over law, failing yet again to present a convincing case. This observation comes at a time when Coinbase, the U.S.’s largest crypto exchange, is also fending off legal action from the SEC for alleged neglect of securities and trading laws.</p> 
<h3 class="wp-block-heading" id="strong-mark-cuban-steps-into-the-ring-every-buyer-is-not-an-investor-strong"><strong>Mark Cuban Steps into the Ring: Every Buyer is Not an Investor</strong></h3> 
<p>Billionaire investor Mark Cuban has added his two cents to the mix, drawing attention to the SEC’s broad-stroke approach of labeling every buyer as an investor. This perspective highlights the complexities of the debate surrounding the definition of ‘investor’ in the crypto space.</p> 
<h2 class="wp-block-heading" id="h-ripple-s-rollercoaster-ride-price-dips-in-response-to-appeal-news"><strong>Ripple’s Rollercoaster Ride: Price Dips in Response to Appeal News</strong></h2> 
<p>The mere whisper of an SEC appeal has sent shockwaves through the crypto market, nudging Ripple’s price down from a ruling-induced high of $0.93 to $0.72. Angel investor Evan Luthra perceives this move as the SEC trying to suppress crypto.</p> 
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   <p lang="en" dir="ltr">The SEC trying its best to suppress crypto!<br><br>This appeal news has sent Ripple from its ruling high of $0.93 to $0.72! <br><br>Do you think its the right time to buy more <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>?<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Comment below<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Rq3GaVF0mZ" rel="noopener noreferrer nofollow">pic.twitter.com/Rq3GaVF0mZ</a></p>— EvanLuthra.eth (@EvanLuthra) <a href="https://twitter.com/EvanLuthra/status/1682688731835437057?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2023</a> 
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Mark Cuban and Coinbase CLO Uncover Inconsistencies in SEC’s Ripple Ruling Appeal

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