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On September 17th, on the same day the U.S. SEC announced charges against the creators of "Stoner Cats" NFTs, crypto lawyer Bill Morgan pointed out that while such cases have not established legal precedents, they do contribute to strengthening the SEC's influence over the crypto industry. He emphasized the significance of the ongoing legal dispute between Ripple Labs and the SEC, stating that if Ripple didn't take the SEC to court, then all cryptocurrencies except Bitcoin could now potentially be automatically classified as securities. On September 16th, Morgan shared further insights into the XRP ruling by Judge Torres on July 13th. Morgan noted that despite XRP not being considered a security, the regulatory outlook for XRP sales or usage remains uncertain due to the SEC's appeal plans. Until this legal case and subsequent appeals are fully resolved, it remains uncertain whether Ripple and its customers can feel secure under SEC regulation. | 
Post time 22-9-2023 09:35:37
Post time 22-9-2023 11:49:17