<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A U.S. court has ruled against the Securities and Exchange Commission declaring that the agency unlawfully rescinded a rule on proxy advisory firms without adhering to the Administrative Procedure Act.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> 
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  <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>
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<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

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