A former attorney from the Securities and Exchange Commission (SEC) has stated that the recent judgment in the SEC’s case against Ripple could impact the agency’s other ongoing legal proceedings. The former attorney, Christian Schultz, believes that the ruling could disrupt the SEC’s cases that primarily focus on secondary market activity. While other federal district judges are not obligated to follow the ruling, Schultz believes that the opinion will hold weight and could spell problems for the SEC in other pending litigation. Schultz also suggests that the SEC should reconsider pursuing certain claims against Ripple and its executives. The article also briefly mentions upcoming events, recent research, and other news in the cryptocurrency industry.
AI Sentiment: Negative
