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What will be the outcome of the SEC's appeal against Ripple Labs in the Second Circuit Court of Appeals by December 31, 2024?
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Resolution / Starting Odds
SEC wins completely • 25%
Ripple wins completely • 25%
Partial win for SEC • 25%
Partial win for Ripple • 25%
Official ruling from the Second Circuit Court of Appeals
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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SEC wins appeal • 33%
Ripple wins appeal • 33%
Settlement reached • 34%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
Penalty upheld • 25%
Penalty reduced • 25%
Penalty increased • 25%
Penalty overturned • 25%
No action taken • 33%
Cross-appeal filed • 33%
Settlement negotiations initiated • 34%
Ripple Wins • 25%
SEC Wins • 25%
Settlement • 25%
Dismissed • 25%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
SEC wins • 33%
Ripple wins • 33%
Case settled • 33%
Yes • 50%
No • 50%
