The U.S. Securities and Exchange Commission (SEC) has dropped securities-violations charges against the top leaders of blockchain company Ripple. This move is seen as a significant legal win for Ripple in the civil case lodged by the SEC in December 2020. However, a legal expert suggests that the SEC’s decision to drop the charges could indicate a strategy to move the case to an appellate court more quickly. The lawsuit between Ripple and the SEC is considered a trendsetter in the ongoing dispute between the crypto sector and the SEC regarding what constitutes a security. Some experts are urging caution despite the celebratory atmosphere, as they believe the SEC’s actions are part of a calculated legal tactic to expedite the appeal process.
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