The SEC's appeal against Ripple has sent shockwaves through the cryptocurrency market, leaving everyone wondering what's at stake. Essentially, the SEC is challenging a court decision that distinguished between institutional sales (considered securities) and retail sales (not considered securities) of XRP, Ripple's cryptocurrency ¹. This ongoing battle has massive implications for the broader crypto industry, as its outcome will shape future regulations around digital assets.
The appeal will prolong the legal process, keeping XRP holders and the crypto community on edge. Ripple executives have 14 days from October 3 to decide whether to file a counter-appeal ¹. With the potential outcome influencing XRP's value and the overall cryptocurrency market, the stakes are incredibly high.
The recent unlock of 1 billion XRP tokens on October 1 has already affected XRP's value, now trading at $0.5328 ¹. Experts predict significant volatility in the crypto market, driven by large token unlocks, including Solana and Arbitrum ¹. The outcome of the SEC's appeal will be crucial in determining XRP's future.*What's Next?*As the legal battle unfolds, crypto enthusiasts and investors will be watching closely. Will the SEC's appeal succeed, or will Ripple emerge victorious? One thing is certain – the outcome will have far-reaching consequences for the cryptocurrency industry

#XRPGoal #AppealForSupport #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #BinanceLaunchpoolHMSTR

Sam Bankman-Fried files appeal for felony conviction #conviction

Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
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Lawyers representing former cryptocurrency exchange FTX CEO Sam “SBF” Bankman-Fried have filed a long-anticipated appeal for his conviction on seven felony counts and his 25-year prison sentence. #prison
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In a Sept. 13 filing in the United States Court of Appeals for the Second Circuit, SBF’s lawyers filed a 102-page brief claiming that the former FTX CEO was “never presumed innocent,” subject to scrutiny that allegedly affected prosecutors, the presiding judge, and treatment by the media.

Bankman-Fried’s legal team announced in April — a few weeks after a federal judge sentenced him to 25 years in prison — that they intended to appeal. #AppealForSupport
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According to the appeal, SBF’s lawyers alleged the jury was “only allowed to see half the picture” with FTX user funds, claiming prosecutors had “presented a false narrative” that the money was permanently lost and Bankman-Fried intentionally caused that loss.

They also claimed that counsel for the FTX debtors worked with the US government in a way that was above and beyond “cooperation,” providing information allegedly as an “arm of the prosecution.” #ProsecutionDefense

“From day one, the prevailing narrative—initially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorney’s Office— was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to insolvency, and caused billions in losses,” said the appeal.

“Now, nearly two years later, a very different picture is emerging—one confirming FTX was never insolvent, and in fact had assets worth billions to repay its customers. But the jury at Bankman-Fried’s trial never got to see that picture.” #PICTURE

The legal team requested the appellate court grant SBF a new trial with a different judge.

Is it just me that I cannot log in to binance.moodymadness challenge? I cannot even take my daily rewards #Moody's $ETH #AppealForSupport