Ripple v. SEC Appeal Decision Set for This Week – Here’s What To Expect

The post Ripple v. SEC Appeal Decision Set for This Week – Here’s What To Expect appeared first on Coinpedia Fintech News

The cryptocurrency community was sent into a flurry of speculation after a fake announcement from the U.S. Securities and Exchange Commission (SEC) claimed that the commission had decided not to appeal the Ripple case. The fabricated news spread like wildfire across various online platforms, leaving investors and enthusiasts questioning the authenticity of the information.

Legal Experts Clarify Situation After Fake SEC Posting

In response to the confusion, Jeremy Hogan, a respected lawyer at Hogan & Hogan, took to Twitter to clarify the situation. Hogan’s tweet debunked the fake SEC posting, stating unequivocally, “This SEC posting is fake.” The attorney’s intervention aimed to provide some clarity amid the misinformation that had been circulating.

The fabricated news initially hinted at a significant development in the ongoing legal battle between the SEC and Ripple Labs. The alleged decision not to appeal the case raised questions about the potential implications for the broader cryptocurrency landscape, particularly considering the prominent position of Ripple’s XRP in the market.

Jeremy Hogan, known for his insights and analyses on legal matters related to cryptocurrencies, took the opportunity to share his perspective on the situation. In his tweet, Hogan acknowledged the fraudulent nature of the announcement while also providing valuable insights into the possible course of action the SEC might take.

Hogan hinted that if the SEC were to file an interlocutory appeal, it could potentially happen within the current week. His informed response served to reassure the community that, despite the false announcement, there are legitimate legal processes and timelines that should be considered.

Nevertheless, there have been rumors that the SEC might soon appeal regarding the Ripple lawsuit, as they seem to be clearly unhappy with the judge’s early decision.