Crypto Casino Forum

Please or Register to create posts and topics.

SEC appeal could amplify Ripple win, says Ripple Labs legal chief

Stuart Alderoty believes that if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even further.

Speaking on a July 26 TechCrunch podcast, Alderoty reiterated his position that the XRP token does not constitute an investment contract and that the Ripple team would not shy away from any appeal brought to the courts by the SEC.

 

“We think the judge got that right, and we think that was a faithful application of the law, and I think a court of appeals will not only affirm that but maybe even amplify that to even a greater extent.”

On July 13, Judge Analisa Torres ruled XRP was not a security when sold to the public on crypto exchanges but can be treated as a security when sold to institutional investors.

 

On July 21, the SEC used its ongoing case against Terraform Labs founder Do Kwon to air out its grievances with the ruling and hinted that it would appeal the split-decision ruling in the future.

“Respectfully, those portions of Ripple were wrongly decided, and this Court should not follow them,” SEC lawyers wrote, asserting that retail sales of XRP should have been deemed securities.

 

“SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review,” the lawyers added.

 

SEC Chair Gary Gensler also expressed his disappointment over the court’s decision on XRP adding the regulator would continue to assess the ruling.

In light of the ruling, Alderoty predicted if the SEC continues to claim that crypto assets themselves are securities it would begin to lose ongoing cases where the SEC attempts to make such claims.

 

“Our case and the decision rendered by our judge [Torres] will provide comfort to other judges that the SEC is just misguided.”

Despite his optimism, Alderoty warned the crypto sector is still a long way away from standing on solid regulatory ground. He condemned the SEC’s regulation by enforcement approach for causing crypto laws in the U.S. to fall well behind other jurisdictions.

“We still need a rational, comprehensive and understandable regulatory framework for crypto in the U.S.,” he said. “Because of the SEC’s refusal to faithfully apply the law […] the U.S. has been visibly falling behind the rest of the world.”

 

Uploaded files:
  • images-2023-10-30T001912.695.jpeg

Welcome to the Crypto Casino Forum!

Greetings, crypto and gambling enthusiasts! Welcome to the premier destination for everything related to cryptocurrency gambling – the Crypto Casino Forum. Navigate the vast and exciting world of online gambling with a digital twist, and embark on a journey with like-minded individuals.

  • 🎲 General Crypto Discussions: Dive deep into the buzzing world of cryptocurrencies. Whether you’re a Bitcoin pioneer or an Altcoin enthusiast, this is your platform to discuss, explore, and learn.
  • 🎰 Casino & Sportsbook Feedback: Share your experiences or seek advice about specific online casinos and sportsbooks. Your feedback helps others make informed choices.
  • 🎮 Game On!: From slots, poker, horse racing, moto racing, card games to other casino favorites, engage in lively discussions, share strategies, or ask questions about your favorite games.
  • 🌍 Global Gaming: Whether you’re in Asia, Europe, the Americas, or any corner of the world, find out which casinos are best suited for your region. Tailor your gaming experience to your locale.
  • 🖼️ Showcase Your Wins: Flaunt your big wins! Our dedicated section allows members to post screenshots and videos of their shining moments in online gaming.
  • 🕹️ Behind The Games: Discuss the software studios that bring our favorite online casino games to life. Dive into sub-sections dedicated to industry-leading game providers and explore their unique offerings.
  • 🍒Get Rewarded To Post: Each week the forum is active, top members will be reward in the form of free crypto. The top poster each week gets $50 in crypto and second and place receive rewards as well.
  • 🎁 Promotions Galore: Stay updated with the hottest online gambling promotions! From deposit bonuses, no deposit deals, free spins, cashback offers to exclusive promotions, we’ve got it covered.

Why Join the Crypto Casino Forum?

  1. Knowledge Hub: Whether you’re a newbie or a seasoned player, the forum is a treasure trove of knowledge, tips, and insights.
  2. Community Driven: Engage with a growing community of gamers and crypto enthusiasts. Share experiences, celebrate wins, learn from losses, and make friends.
  3. Stay Updated: In the rapidly evolving worlds of online gambling and cryptocurrency, stay abreast of the latest trends, games, and technologies.
  4. Trust & Transparency: Our platform thrives on the honest feedback and reviews of its community members. Make informed decisions based on real user experiences.
  5. Exclusive Access: Be the first to know about exclusive promotions, bonus deals, and news from the world of crypto gambling.