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SEC and FTC Lose Major Cases

Bloomberg Law

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The Risks of an Appeal of the SEC's Ripple Decision

There's a high chance that the SEC is going to appeal this decision. There's low risk for the SEC that the appellate court would either expand the ruling or engage in any sort of reasoning that could help other cryptocurrencies. If the second circuit affirms the judge's decision then that's binding on federal courts in New York, Connecticut and Vermont.

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