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Former SEC official predicts regulator ‘will lose on the merits’ of case against Ripple -Breaking

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© Reuters.

A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against “on the merits” of the case.

Attorney Joseph Hall also voiced concerns over what the SEC’s endgame could be regarding the high-stakes case against Ripple (XRPThe entire industry will be affected by this decision.