Unchained Why the SEC Doesn’t Want the Ripple Case to Go to the Supreme Court - Ep. 521
Jul 21, 2023
Bill Hughes, senior counsel at ConsenSys, dives deep into the SEC's potential appeal of the Ripple case. He discusses why the Supreme Court might not favor the SEC and the political factors influencing crypto legislation. Hughes sheds light on the new DeFi bill in the Senate, its implications for stakeholders, and why stablecoin regulation should be prioritized. He also highlights the SEC's strategic timing in filing lawsuits and the broader impacts these developments may have on the future of cryptocurrency regulation in the U.S.
AI Snips
Chapters
Transcript
Episode notes
SEC's Appeal Strategy
- The SEC likely believes the judge's reasoning in the Ripple case is flawed.
- They are assessing their next steps, considering the Second Circuit's potential response.
Appeal Timeline
- The SEC must act fast if they want to appeal now.
- They need to request permission from Judge Torres within 10 days.
Supreme Court's View
- The Supreme Court likely won't take the Ripple case unless other appellate courts reach different conclusions.
- It needs to be a fundamental question about SEC authority.