November 23, 2024

Rise To Thrive

Investing guide, latest news & videos!

SEC has 3% -14% chance of success in Ripple appeal, lawyers predict

2 min read
SEC has 3% -14% chance of success in Ripple appeal, lawyers predict

The United States Securities and Exchange Commission (SEC) has a very slim chance of winning the appeal against Ripple in the ongoing lawsuit, according to lawyer Bill Morgan, who has been closely following the lawsuit.

Morgan in a post on X (formerly Twitter) argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple.