No SEC appeal. Here's why
There is a simple main reason why the SEC won’t appeal the Ripple ruling by Judge Analisa Torres on August 7, 2024.
The SEC admitted in its recent Amended Complaint against Binance that they misrepresented the most basic fact: “The SEC regrets any confusion it may have invited” by falsely and repeatedly stating that digital tokens themselves are securities.
This, while shamelessly claiming in paragraph 1 of their original complaint against Ripple et al that XRP itself is a security.
The SEC admit indirectly to have committed perjury and to have deceived not only that court, but also other courts. Now imagine how a court would be hearing an appeal in the Ripple case.
The SEC should also be satisfied with Ripple’s 125 million dollar fine as for secondary sales. As for the instutional sales, dare to bring them on, SEC?
The SEC case against Ripple is closed, over, done.
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