After failure in failure, the SEC makes one last attempt after the ripple case

Hello friends, lately it has caught my attention a lot and I really found something very interesting for everything that is happening to ripple, as you already know, surely ripple had managed to win that case against the SEC which had been open for a couple of years and with which we had certain problems.

Image Made in canva

The SEC had tried to attack ripple by telling it that if it was a security, that if they had to pay because what they were doing was illegal and 1000 and a story to which ripple has always been trying to defend itself by looking for the best lawyers and from here logically the lawyer John Dayton came out and as you know at the moment in which we managed to win everything that was basically this appeal or all what they are doing against.

In addition, we suddenly managed to win this trial and we saw how XRP pumped, reaching quite high points in the market after a fairly large drop in value. Ripple had had very good months before but then it kept dropping in value, but suddenly there was this huge price rise that right now Ripple has lost it again because the SEC is not going to sit still.

It is logical suddenly a cryptocurrency in quotes anyone has managed to surpass the stock market well the commission and the United States stock market in this case is when you stand still and say the United States really wants to lose with a simple project well "No" the SEC is going to try to do everything possible to go against it and even though in the trial they have agreed with Ripple and have ruled in favor. What they are going to do is find a way to fight back and still be right.

The Sec against attacks its prey

Because if not as a result of here it can become a great lack of control and it may seem hundreds that cryptocurrencies end up touching the nose of what has been the US market and they do not want this, much less the fact of trying to change any type of law or something like that because theirs are shown between quotes that they are not updated or that they are not quite right. Well, what has he been doing all this? has been keeping quiet and not in this last appeal that they have been trying to send so that they basically continue with the whole lawsuit and others ripple is joining and that is that ripple will file a cross appeal on the institutional sales of XRP if the SEC obtains permission for a provisional appeal we are seeing how they are going to counterattack and they are not going to stay still. And this is the most normal thing in the world.

But I don't know exactly what the SEC was expecting and I saw that they no longer had any AS up their sleeves or anything like that, but I see that they are playing in a very good way, as ripple has presented a countermotion to the extent of the commission of united states stock exchange to apply for a provisional appeal of the xrp ruling issued in july and recent ripple legal director stuart upheld the fact and the detector urges the crypto community to read the opposition filing carefully.

Conclusion

The sec's request for a provisional interlocutory appeal in my opinion is worth keeping an eye on in this case and especially it must be said that all this will have a great impact on the value of ripple, whether positive or negative, the SEC is looking bad lately stop in their fight against cryptocurrencies and there have already been several failed attempts and let's hope that the ruling in favor of cryptocurrencies will come and that the SEC dedicates itself to bothering another sector not related to cryptoactives.

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Post written by @joeljaimes1982