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Former SEC Director Believes Ripple's Victory in XRP Case May Be Short-Lived

Ripple has won a significant victory in a recent court verdict, as the court ruled that its sales of XRP to retail investors did not constitute an offering of investment contracts. However, institutional sales of XRP were determined to be an unregistered offer and sale of investment contracts.

Marc Fagel, a former SEC regional director and experienced attorney, believes that this victory for Ripple and XRP may be short-lived if the case is appealed to the Second Circuit Court. Fagel argues that the court's decision has created a divided outcome, causing damage on both sides of the dispute, and predicts that the Second Circuit Court might reverse the decision.

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