Future

Victory

Impact

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<ul>
 <li>Ripple’s legal team celebrates a crucial legal precedent that may influence their battle with the SEC.</li>
 <li>The recent SEC v. Govil decision questions the SEC’s demands for large disgorgements without clear evidence of investor harm.</li>
 <li>Ripple’s liability may be mitigated if XRP investors have not suffered financial losses, potentially leading to a more favorable outcome for the company.</li>
</ul>
<p><strong>In the wake of the SEC’s setback in court, Ripple finds new hope as the recent ruling may significantly impact the ongoing litigation between the regulatory body and the blockchain firm.</strong></p>
<h2 id="strong-2nd-circuit-s-blow-to-sec-disgorgement-claims-strong"><strong>2nd Circuit’s Blow to SEC Disgorgement Claims</strong></h2>
<p>Stuart Alderoty of Ripple capitalized on the 2nd Circuit’s ruling against the SEC, which stipulates that the regulatory agency must prove investor harm before seeking hefty disgorgements. This decision could set a precedent that benefits Ripple, given the SEC has similarly targeted the blockchain giant with substantial financial demands.</p>
<h2 id="strong-ripple-s-path-to-victory-glimmers-strong"><strong>Ripple’s Path to Victory Glimmers</strong></h2>
<p><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-127227" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Ripple-XRP" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ripple-XRP-6.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a></p>
<p>The “no harm, no foul” stance of the court has resounded through the cryptocurrency industry, suggesting a shift in how the SEC’s actions against Ripple may unfold. Legal experts like Jeremy Hogan suggest that the lack of quantifiable loss to XRP investors could weaken the SEC’s case, potentially swaying the outcome in Ripple’s favor.</p>
<h2 id="strong-assessing-ripple-s-financial-obligations-strong"><strong>Assessing Ripple’s Financial Obligations</strong></h2>
<p>Amidst speculation, the amount Ripple may be required to pay is under intense scrutiny. With the SEC reportedly seeking a $770 million penalty, the recent court decision could make it challenging for the agency to justify such a sum. Ripple’s prospects of reducing the fine appear brighter, aligning with historical outcomes where the SEC’s demands were dramatically scaled back.</p>
<h2 id="strong-deaton-s-optimistic-forecast-for-ripple-s-fines-strong"><strong>Deaton’s Optimistic Forecast for Ripple’s Fines</strong></h2>
<p>Attorney John Deaton’s perspective reinforces the notion that Ripple may be able to negotiate a significantly reduced penalty. Referencing a case where the SEC’s multi-million dollar demand resulted in a mere fraction awarded, Deaton projects a similar trajectory could emerge in the Ripple litigation.</p>
<h2 id="strong-the-impact-on-future-sec-enforcement-strong"><strong>The Impact on Future SEC Enforcement</strong></h2>
<p><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-128182" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="SEC" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/SEC-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a></p>
<p>This legal development not only bodes well for Ripple but also signals a potential shift in future SEC enforcement strategies. If Ripple succeeds in leveraging this ruling, it could set a limiting precedent on the SEC’s power to claim large penalties without clear evidence of investor harm.</p>
<h2 id="strong-community-reactions-and-market-sentiment-strong"><strong>Community Reactions and Market Sentiment</strong></h2>
<p>Ripple’s community and XRP investors are buoyed by the positive news, as evidenced by discussions on various social media platforms. The broader crypto market is closely watching Ripple’s case as a bellwether for regulatory engagement with digital assets.</p>
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Ripple’s legal team embraces a significant win with the 2nd Circuit’s recent decision, potentially steering its SEC lawsuit towards a more favorable settlement. This case is not just about Ripple; it’s about setting boundaries for regulatory overreach and refining the standards of investor protection in the burgeoning crypto space.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/ripples-legal-milestone-sec-disgorgement-strategy-stumbles-boosting-ripples-defense/">Ripple’s Legal Milestone: SEC Disgorgement Strategy Stumbles, Boosting Ripple’s Defense!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Ripple’s Legal Milestone: SEC Disgorgement Strategy Stumbles, Boosting Ripple’s Defense!

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