Ripple’s Chief Legal Officer, Stuart Alderoty, has pinpointed this ruling as a significant moment, particularly as it plays against the backdrop of Ripple’s ongoing legal challenges with the SEC. The Jignesh Govil case has taken center stage, with the courts requiring the SEC to establish concrete evidence of financial harm to investors before seeking disgorgement. Govil Decision Rattles SEC’s Enforcement FrameworkAmid the legal tussle, Jeremy Hogan, a legal commentator, posits a silver lining for Ripple. He argues that XRP purchasers who invested at lower prices have yet to encounter financial harm, which could limit Ripple’s legal exposure. Read Also: This BRC-20 Proposal Can be a Game Changer, Here’s HowThe post Ripple’s Chief Legal Eyes SEC Power Limit in Govil Ruling appeared first on CoinGape.

Source: The Nation November 04, 2023 19:21 UTC