Last week, the US Securities and Exchange Commission (SEC) filed an appeal in the case against Ripple Labs. This action, although expected, surprised many, causing a 12% drop in the price of XRP.
Attorney Fred Rispoli commented on the "Thinking Crypto" podcast that the SEC's success will depend on the panel assigned to the case. If the panel has a history of supporting the government, the odds of winning could be 70-80%.
What do you think about this move by the SEC? Leave us your comments! 💬