reSee.it - Tweets Saved By @scotty2ten

Saved - October 4, 2023 at 3:11 PM
reSee.it AI Summary
The significance of this situation is often underestimated. The SEC's ability to appeal is hindered by a weak factual record, making success more challenging. Moreover, the Supreme Court is unlikely to be involved as there are no major legal questions at hand. The SEC must now navigate the arduous task of applying existing law to a complex set of facts that do not support their claim. The law remains unchanged, and the SEC's failure to prove its case puts them in a difficult position. Winning now requires an uphill battle.

@scotty2ten - Scott Chamberlain | 🏴‍☠️ 🪝

I think this is more significant than people realise. Yes, the SEC can appeal later, but it is stuck with shitty factual record that makes successful appeal much more difficult. It also means Supreme Court is less likely destination - there’s no major legal questions to decide, just the difficult but ultimately mundane task of applying known law to a complicated fact matrix that doesn’t support the SECs claim. The law didn’t change. SEC failed to prove it case. Now it has to push shit uphill with a pointy stick if it wants to win.

@FilanLaw - James K. Filan 🇺🇸🇮🇪

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has DENIED the SEC’s Motion to File an Interlocutory Appeal. https://www.dropbox.com/scl/fi/a1zks8vhptcf40vo6a7gc/Order-Denying-SEC-Motion-to-File-Interlocutory-Appeal.pdf?rlkey=v1gdwavgqwzi0bnxmmpqe0kgl&dl=0

Order Denying SEC Motion to File Interlocutory Appeal.pdf Shared with Dropbox dropbox.com
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