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Ripple decision is ‘troublesome on multiple fronts’, says former SEC official By Cointelegraph

Last updated: 2023/07/16 at 10:31 PM

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Ripple decision is 'troublesome on multiple fronts', says former SEC official

Former Securities and Exchange Commission official John Reed Stark spoke out against the recent ruling on Lab’s case, calling the decision “troublesome on multiple fronts” in a LinkedIn analysis.

Stark broke down Judge Analisa Torres’ decision from July 13 by examining the grounds upon which she ruled in favor of Ripple in a lawsuit brought by the SEC back in 2020, alleging that the company’s XRP (XRP) token was a security.