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How will Ripple Labs' market capitalization change within one week after the Second Circuit Court of Appeals ruling?
3
Resolution / Starting Odds
Increase by over 20% • 25%
Increase by 10-20% • 25%
Decrease by 10-20% • 25%
Decrease by over 20% • 25%
Publicly available market data
Story
SEC Appeals Judge Torres's Ripple Decision to Second Circuit
Oct 2, 2024, 09:11 PM
The U.S. Securities and Exchange Commission (SEC) has filed a one-page notice of appeal against Ripple Labs on October 2, 2024, just ahead of the October 7 deadline. The appeal challenges the July 2023 ruling by U.S. District Judge Analisa Torres, which determined that only some of Ripple's sales of XRP tokens violated securities laws, while others did not. The SEC is appealing to the Second Circuit Court of Appeals. The ongoing case is closely watched as it may set a significant precedent for cryptocurrency regulation in the United States.
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No action taken • 33%
Cross-appeal filed • 33%
Settlement negotiations initiated • 34%
Penalty upheld • 25%
Penalty reduced • 25%
Penalty increased • 25%
Penalty overturned • 25%
Increase > 20% • 25%
Increase 0-20% • 25%
Decrease 0-20% • 25%
Decrease > 20% • 25%
XRP Price Increases • 25%
XRP Price Decreases • 25%
XRP Price Unchanged • 25%
XRP Price Volatile • 25%
Market rises by more than 10% • 25%
Market falls by more than 10% • 25%
Market remains relatively stable • 25%
Mixed reactions • 25%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
Yes • 50%
No • 50%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
Improved regulatory standing • 25%
No significant change • 25%
Worsened regulatory standing • 25%
Unclear outcome • 25%
Settlement reached • 25%
Case dismissed • 25%
Trial date set • 25%
Other major development • 25%