United States Securities and Stock Exchange Commission (SEC), Ripple $3.24 He gave his company exempted to private investors for the sale of securities. With this decision, the decisions of the judge Torres, who had previously been in charge of the XRP case, were directly ignored. The decision was met with surprise in the legal community and it was pointed out that there was no clear way to prevent it in the current process. While a new source of income formed in terms of Ripple, the impression of privilege led to controversy. But since there is no pressure on other crypto companies, it is not so bad to remove the pressure on Ripple, albeit with privileges.
Sec and Ripple
In recent months, the appeal process between Ripple and SEC was closely monitored by the sector. Both sides fell the principal case in March, but a joint work was carried out to remove the ban on securities brought to Ripple. According to the ban, it was not possible for Ripple to sell securities to individual investors. Traditional ways have failed to remove this limitation.
However, SEC welcomed Ripple’s demand in a different way and issued exemption for the company last week. The expression in the exemption, the institution, within the framework of the current conditions, said that no sanction against Ripple should not be implemented. With this decision, SEC was removed from Ripple’s securities sales ban.
“Considering the conditions and the current situation… The Commission has decided that there is sufficient reason to take advantage of the relevant exemption provision. Therefore, it has been given exemption that the relevant provision will not be applied for Ripple.”
Legally Discussions
Following the decision, lawyers evaluated this development as unique and controversial. Marc Fagel, one of the former officials of SEC, described the process as unprecedented and controversial. Fagel recalled that Judge Torres had clearly rejected Ripple’s demands several times.
“This exemption is an open challenge to the court.”
According to Fagel, there is no clear way to cancel or block exemption in the process. The courts cannot take a direct step in this regard; As a prostrate institution, it may not take steps unless there are any complaints.
“Even if it is illegal, who will complain? At least unless investors are damaged and ask why they are not blocked…”
Within the scope of the exemption, Ripple’s new securities will look completely legal and Ripple will be able to defense in this direction. In the short term, the company obtained a new income gate; With this resource, it can develop new projects in terms of growth. Although the XRP community is satisfied with this development, the process continues to be followed due to the possibility of cancellation of exemption.
SEC opened the door to corporate sales by giving Ripple exemption because he could not solve the work in court. Since the process could not be put in the court in court, the pressure established by the Gensler administration was removed with exemption. The conflict of the exemption granted to Ripple with the decision of Torres shows how the crypto currencies have gained great freedom with the task of Trump. Last year, he did not refrain from making the exemption from the election to be exempted, and to make the negative discrimination in his power to kidnap crypto companies from the country.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
