While an appeal is possible, Haun expressed skepticism about the SEC's desire for legal clarity and an immediate appeal.
Katie Haun, a former Department of Justice prosecutor and crypto venture investor, commented on a recent court decision regarding Ripple’s legal battle with the Securities and Exchange Commission.
In a tweet, Haun said that the court's decision, which found that sales of XRP across public exchanges have not constituted the sale of unregistered securities, was"a good outcome for the industry." Haun said that an appeal of US District Judge Analisa Torres's decision is"possible," but added that an"immediate appeal seems unlikely both because the agency would have to ask the court to split this decision from the portion going to trial and because I am skeptical the SEC actually wants legal clarity."
Still, a number of market participants noted the development could bode well for other crypto firms in their own ongoing legal proceedings, with investment banking giant JPMorgan noting it could benefit Coinbase.
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