Attorney Explains 'Untouchable' Part Of XRP Victory Ruling

Also Read: Terraform Labs Wants Access to FTX Wallets in Fraud Case Defense

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Since the Summary Judgment was delivered, the XRP price grew by as much as 60% and so far maintained the same price range around the $0.80 mark, whereas the XRP holders are speculating on the token touching $1 mark soon. The ruling brought about immediate change in the United States crypto ecosystem, with top exchanges like Coinbase reinstating XRP trading on its platform.

Attorney Jeremy Hogan Explains XRP’s Untouchable Part

Referring to the historic ruling by Judge Torres, the attorney said the SEC may not be able to appeal the XRP’s status as not being a security in itself. He explained that the underlying meaning in the order shows that part of the order is not appealable, in what could be an irreversible victory not just for XRP holders but also for the Crypto Market.

“I don’t think that’s appealable. I don’t think any appellate court would touch that part of the order that says XRP in itself is not a security.”

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In a latest, Terraform Labs former CEO Do Kwon is seeking to dismiss the SEC lawsuit against him citing Judge Torres’ ruling in the XRP lawsuit, CoinGape reported.

Also Read: New York Times Reveals Shocking ‘Notes’ Of Sam Bankman-Fried’s Girlfriend

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