In a video titled “The SEC Appeal: What’s Next?”, the crypto analyst discusses the ongoing Ripple case and the SEC’s appeal with insights from Christy Warner and James Murphy, also known as “Meta Law Man.”
The analyst highlights the key outcomes of Judge Torres’ ruling: Only Ripple’s institutional sales of XRP were deemed unregistered securities. XRP itself was not classified as a security, and retail sales not involving Ripple were also exempt.
There were no victims or losses for institutional investors, and no fraud was established. Ripple was ordered to pay a civil penalty, but no disgorgement was required.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +The analyst notes that James Murphy anticipated the SEC’s appeal after their previous discontent with the ruling. The SEC has now filed their notice, initiating the formal appeal process. They have 14 days to outline the specific issues they are contesting.
What you'll learn 👉
Key Issues Expected to Be Appealed
The SEC may challenge the decision that Ripple’s sales on exchanges are not investment contracts. The SEC likely wants to contest the lack of disgorgement due to the absence of proven losses among institutional investors.
Read Also: Best Crypto to Buy on the Dip as Bitcoin Price Drops Below $61k
Murphy explains that the ruling created a conflict between circuit courts, and if the SEC loses again, they might seek an en banc hearing or escalate to the U.S. Supreme Court.
The analyst mentions that Ripple is considering a cross-appeal. Murphy strongly supports this, arguing that institutional sales should not be viewed as investment contracts, but rather as wholesale transactions.
Murphy’s Argument Against Investment Contracts
Murphy draws parallels to the Howey case, explaining that institutional buyers of XRP acted as resellers rather than investors in Ripple itself. He asserts that XRP should be treated as a commodity, distinct from Ripple’s corporate shares.
Once the SEC files their brief, Ripple will have two weeks to respond. The entire appeal process is expected to take over a year, with a potential final decision in early 2026. External factors, such as amicus briefs and congressional interventions, could further delay proceedings.
The analyst notes that the upcoming U.S. election could impact SEC leadership and regulation strategies. A change in leadership might shift the SEC’s approach to crypto, possibly leading to settlements in ongoing cases like Ripple’s.
How Could It Affect the Price of XRP
The analyst mentions that XRP’s price has been in a sideways consolidation, with expectations that this trend may continue. Despite past bull markets, XRP has not benefited significantly, and ongoing legal issues could hinder its performance.
A report from AltFINS suggests a bearish short- and medium-term outlook for XRP price, yet some metrics indicate a potential long-term rally. Key points include:
Source: altFINS – Start using it today
The price is in an uptrend, recently hitting $0.67 but pulling back to $0.50. The nearest support is at $0.50, with resistance at $0.57 and $0.67.
While momentum is currently bearish, signs suggest a potential upswing may be on the horizon. Overall, the ongoing legal developments will continue to shape XRP’s market dynamics in the months to come.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
