Expert Clear Say No August 15 Deadline for Ripple vs SEC Case
Law expert Bill Morgan don correct wrong claim about di August 15 deadline for di Ripple vs SEC appeal. No be like wetin Fabio Zuccàra post for social media, Judge Analisa Torres no get any decision wey she still go give; her work for di case don finish. Di only remaining step na for SEC commissioners to vote inside dem own people dem to dismiss their appeal. Ripple don already agree say dem go withdraw dia appeal after dem put $125 million penalty for escrow. August 15 na only di deadline to submit joint status report, no be to end di appeals. Early dismissal dey expected, but di parties fit ask for extension. After SEC make dia vote and both sides submit dismissal notices, di long legal fight go officially end. Dis update clear say court no dey involved again and di case na just procedural matter now.
Neutral
Dis clarification na purely procedural and e clear court wahala. Judge Torres no get any pending decision, na only internal SEC vote and dismissal papers dey left. Market effect no too big because no clear change dey affect Ripple work or asset base. Similar procedural update for past SEC cases dey no get effect for price. Short-term wahala for market fit reduce as traders see say court work don finish. For long-term, the resolution go bring regulatory clarity but e no go change Ripple business waka.