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<ul> 
 <li>SEC requests court’s approval for an appeal in Ripple case.</li> 
 <li>SEC’s recent move contradicts Gensler’s previous stance on crypto regulation.</li> 
 <li><a href="https://cryptonewsland.com/xrp-community-awaits-judges-judgment/">XRP community</a> debates the implications of the appeal and its chances of approval.</li> 
</ul> 
<p>The latest chapter in the Ripple-SEC story is unfolding as the Securities and Exchange Commission (SEC) seeks court approval for an appeal in the Ripple case. This could put proceedings on hold until a conclusion emerges.&nbsp;</p> 
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   <p lang="en" dir="ltr">I agree with those points, and think they should factor in. However, the specific requirements for interlocutory appeal are hard to meet. I think the odds are against granting the request unless the court looks to the points you raise.</p>— Marc Fagel (@Marc_Fagel) <a href="https://twitter.com/Marc_Fagel/status/1700360080716435706?ref_src=twsrc%5Etfw">September 9, 2023</a>
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<p>Interestingly, this comes after SEC’s Gary Gensler voiced that existing regulatory parameters were apt for digital assets. The current appeal seems to challenge that belief.</p>    
<p>This development has the Ripple community abuzz. One Ripple advocate recently reached out to Marc Fagel, a former SEC official specializing in securities law, probing the likelihood of the appeal’s approval. Emphasizing the case’s weight for the crypto domain, they pointed to unique legal points and contrasting verdicts.</p> 
<p>Fagel, while recognizing the gravity of these elements, indicated that the appeal process is daunting. He was skeptical about the SEC’s chances, unless the court deems the presented concerns as pivotal.</p> 
<p>Observers of the crypto world remain hopeful. The ongoing Ripple-SEC encounter could pave the way for clearer, more beneficial regulations for cryptocurrencies. The positive trajectory for Ripple and the SEC could see them setting a precedent for future digital asset regulations.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/legal-expert-foresees-ripples-sec-appeal-delayed-until-2024/">Legal Expert Foresees Ripple’s SEC Appeal Delayed Until 2024</a></li>
 <li><a href="https://cryptonewsland.com/secs-bid-to-appeal-xrp-ruling-gains-ground-whats-next/">SEC’s Bid to Appeal XRP Ruling Gains Ground, What’s Next?</a></li>
 <li><a href="https://cryptonewsland.com/crypto-lawyer-says-sec-will-lose-appeal-on-ripple-case-amid-latest-filing/">Crypto Lawyer Says SEC Will Lose Appeal on Ripple Case Amid Latest Filing</a></li>
 <li><a href="https://cryptonewsland.com/ripple-pushes-back-secs-appeal-grounds-questioned/">Ripple Pushes Back: SEC’s Appeal Grounds Questioned</a></li>
 <li><a href="https://cryptonewsland.com/ripple-ceo-defends-xrps-non-security-status-amid-sec-appeal-drama/">Ripple CEO Defends XRP’s Non-Security Status Amid SEC Appeal Drama</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/why-legal-experts-are-divided-over-the-secs-recent-ripple-appeal/">Why Legal Experts Are Divided Over the SEC’s Recent Ripple Appeal</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Why Legal Experts Are Divided Over the SEC’s Recent Ripple Appeal

Crypto News Land

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