Ripple vs. SEC Heats Up: Judge Netburn’s Nomination Seen as Boon for Ripple
The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has entered a potentially pivotal phase with the nomination of Magistrate Judge Sarah Netburn as a District Judge in the Southern District of New York (SDNY).
Judge Netburn's Reputation Bodes Well for Ripple
Judge Netburn's fair rulings and crypto-friendly stance are seen as a positive development for Ripple. This is particularly significant as Ripple contests the SEC's hefty proposed penalties, suggesting a maximum of $10 million instead.
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Three key arguments bolster Ripple's defense:
Challenging the validity of the SEC's claims due to insufficient evidence.
Highlighting significant changes made to XRP sales practices in rec...