US Securities and Stock Exchange Commission (SEC) Ripple $2.20The fate of the appeal application in the case against him has not yet become clear. Former SEC Lawyer Marc Fagel said the rejection of the application may take weeks, even longer, depending on the calendar of the courts. Ripple and XRP supporters think that the delay of the decision leads to fluctuation in the crypto currency market. The result of the case is seen as a precedent to determine XRP’s legal status in America.
The uncertainty of appeal is forcing the market
There has not yet been an official statement on the official withdrawal or rejection of the SEC’s request for appeal. The waiting decision delays the completion of the case, causing insecurity in the crypto currency community. Ripple investors expect the long -standing judicial process to end the future of digital assets as soon as possible. The prolongation of the decision leads to harsh ups and downs in price movements and forces market actors to be cautious.
The calendar to determine the fate of the appeal is shaped by procedures for the intense file load and procedure of the federal courts. It may take weeks for a decision to make a decision, or the additional demands of the parties may aggravate the work. This uncertainty closely affects not only XRP owners, but also the entire crypto currency ecosystem seeking regulatory clarity.
Expert Opinions
Marc Fagel reminds us that appeal evaluations in the US judicial system may last longer than expected. The court has to examine each argument in the file in detail; This extends the decision of the decision. According to Fagel, the rejection of the appeal request is directly related to the court’s workload and additional documents offered by the parties.
The possibility of a possible reconciliation on the Ripple front or waiver of appeal is not on the table for the time being. The strategic moves of the parties will be able to form a historical precedent on whether XRP will be considered as securities in the United States. For this reason, all eyes have been translated into when the appeal file will land from the shelves.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
