• The U.S. Securities and Exchange Commission (SEC) has recently indicated their possibility of appealing the decision favoring Ripple Labs in its court dispute over the regulatory status of XRP.
• A federal judge’s ruling absolved Ripple of any law-breaking in its sale of XRP to investors, which could set a precedent for future regulatory actions.
• The SEC Chair, Gary Gensler, expressed his discontent with the court’s ruling that XRP is not a security when sold to ordinary investors.

Ripple’s Legal Victory

The crypto community can now find solace in a recent judge’s ruling, which absolves Ripple of any law-breaking in its sale of XRP to investors. Consequently, other defendants entangled in SEC litigation for allegedly selling securities now have a glimmer of hope. Among these defendants is Do Kwon, the co-founder of Terraform Labs, who faces fraud accusations from the agency. According to a report by the WSJ, Kwon is seeking to leverage the Ripple verdict in his legal battle.

SEC Appeal Fizzles

However, the SEC has advised the judge presiding over Kwon’s case not to draw guidance from the Ripple decision. The agency asserts that Judge Torres’ ruling introduced “baseless requirements” to the Howey test, determining if an asset qualifies as a security. The SEC maintains that this decision violates a fundamental principle of securities laws and will undergo further review.

Gensler’s Discontent

The regulatory agency’s comments come after its Chair, Gary Gensler, expressed his discontent with the court’s ruling that XRP is not a security when sold to ordinary investors. He suggested that this decision should be reversed given what he believes were flawed interpretations by Judge Torres on certain aspects pertaining to securities laws..

Future Implications

The ongoing court dispute holds potential implications for future regulatory actions which could have significant ramifications for cryptocurrency markets overall ratings and prices/values as well as potentially providing more clarity on how cryptocurrencies like XRP are treated under regulations .

Conclusion

As such it seems clear that there will be much more discussion between Ripple Labs and the US SEC going forward as both parties attempt to reach some sort of understanding regarding how best regulate cryptocurrencies like XRP moving forward..

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