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

2022/10/31 05:28

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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