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According to Beincrypto, the ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulator’s chances of a victory are growing slimmer according to legal experts. Crypto legal experts have hinted that the SEC could be looking at a “bruising defeat” in its case against Ripple. A verdict against the regulator could severely limit its capacity to oversee the regulation of the crypto asset sector. This would be a big win for the industry and innovation in the U.S. On Oct 30, senior analyst Roslyn Layton said: “If that’s how it ends, it will have been a self-inflicted disaster from the start. The SEC has had no allies, not even its own expert witnesses who ended up giving ammunition to the defense.”

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【SEC could face ‘bruising defeat’ against Ripple, says legal experts】According to Beincrypto, the ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulator’s chances of a victory are growing slimmer according to legal experts. Crypto legal experts have hinted that the SEC could be looking at a “bruising defeat” in its case against Ripple. A verdict against the regulator could severely limit its capacity to oversee the regulation of the crypto asset sector. This would be a big win for the industry and innovation in the U.S. On Oct 30, senior analyst Roslyn Layton said: “If that’s how it ends, it will have been a self-inflicted disaster from the start. The SEC has had no allies, not even its own expert witnesses who ended up giving ammunition to the defense.”

SEC could face ‘bruising defeat’ against Ripple, says legal experts

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