Ex-SEC Lawyer: Judge Torres No Dey Inside Ripple-SEC Case
Former SEC lawyer Marc Fagel don clear say Judge Analisa Torres no get any more role for the Ripple-SEC palava, e show say the crypto analyst Steph Is Crypto talk wey say if district court approve last last, e fit make XRP reach $5 no true. On August 15, SEC and Ripple come submit joint paper to dismiss their cross-appeals for the U.S. Court of Appeals, Second Circuit, so now the case just dey for appeal level. Law expert Bill Morgan talk say the filing na normal procedural thing. Community people dey call make dem take action on accounts wey dey spread wrong information many times. Since Judge Torres no get role again for district court and appeal dey go on, traders suppose adjust their plans and focus on real dismissal timeline, no be to dey expect new ruling from district court.
Neutral
Dis clarification about Judge Torres role na mostly procedural, e no dey bring new legal risk or advantage for XRP, so market impact sharp sharp na neutral. Dis update fit reduce speculative wahala by clear rumors say district court no ready drop ruling yet. Like other time wey confirm say na procedural matter, e help steady market trading. For short term, traders go change focus comot from expect court decision go look official time wey dem go dismiss appeal. Long term matter wey be say outcome for US Court of Appeals go still dey drive market, but if district level wahala clear, market go balance well no go cause any big up or down move.