<ul class="news-points"> 
 <li><strong>A court in the U.S. has slammed the SEC in an appeal against NAM.</strong></li> 
 <li><strong>The court blamed Gary Gensler for directing an illegal move.</strong></li> 
 <li><strong>The latest judgment against the SEC triggers hope among Ripple supporters.</strong></li> 
</ul> 
<p>A U.S. court has ruled against the Securities and Exchange Commission declaring that the agency unlawfully rescinded a rule on proxy advisory firms without adhering to the Administrative Procedure Act.</p> 
<p>This decision, highlighted by Ripple’s Chief Legal Officer on a post on X (formerly Twitter), has drawn attention to the SEC Chair Gary Gensler’s involvement in the matter and could have implications for Ripple’s ongoing legal battle with the agency.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Another court slams the SEC. This time for unlawfully rescinding a rule on proxy advisory firms without adhering to the Administrative Procedure Act. The court explains that Gensler personally directed this illegal move.<br><br>National Association of Manufacturers v. SEC. <a href="https://t.co/NrXrV4x7OG" target="_blank" rel="nofollow">pic.twitter.com/NrXrV4x7OG</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1806269624238866758?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>For context, the judgment pertains to an appeal in the case between the SEC and the U.S. National Association of Manufacturers (NAM). The case spanned several years, culminatin…</p>
<p>The post <a href="https://coinedition.com/sec-faces-setback-in-court-ripple-sees-potential-opportunity/">SEC Faces Setback in Court, Ripple Sees Potential Opportunity</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

SEC Faces Setback in Court, Ripple Sees Potential Opportunity

Coin Edition

Other articles published on Jun 27, 2024

The Real Reason Why VanEck Filed the First Solana ETF in the U.S.

Alchemy Integrates ZetaChain, Empowers Developers To Build Universal Apps

Fake Elon Musk video use to promote crypto scam

Polygon and Polkadot Take Backseat as Qubetics Whitelist Dominates Discussions

From Pepe Coin to Pepe Unchained: The New Meme Coin on the Block Promising 100X Returns!

Telegram mini-app devs can now earn Toncoin with Adsgram

Join our free newsletter for daily crypto updates!