Crypto News US

• Everyone across the crypto space is waiting patiently for a decision by Analisa Torres.
• Analisa Torres can change the course of the crypto space through a single ruling.

Born in 1959, Analisa Nadine Torres has made her way into highly reputed law offices across New York City. Within a short time, she managed to knock on the doors of a US district judge by proceeding over the Southern District in New York. Coming from a family of professional lawyers her father served many years as a New York Supreme Court justice. Even her grandfather had a history of serving in the Family Court of New York State as a judge. As for Torres, she completed her education at Harvard Law College and Columbia Law School.  She then took the role of a real estate associate by serving multiple law firms in New York City. Although her career started in the early 2000s, it was not until 2013 that she got her biggest breakthrough. That was when former -President Barack Obama offered her the vacated seat of the Southern District Judge in New York. 

Recent Activities of Judge Torres Ripple

Throughout 2022, Judge Torres was responsible for presiding over a huge number of cases, with cryptocurrencies as the main topic. It was Judge Torres who had to decide the long-running court battle between Ripple and the Securities and Exchange Commission. The SEC decided to sue Ripple over their dealing of unregistered securities in December 2020. On further filing of reports, the SEC accused Ripple of having carried out $1.3 Billion in securities without registering them under the company. 

 This court battle between the SEC and Ripple continued for almost 3 years, causing numerous problems in the crypto space. However, that could soon end as Judge Torres is expected to decide on this matter. Any judgment passed on this case could result in heavy implications for the market. 

How Could a Decision of Judge Torres  Affect the Market?

In 2023, a landmark decision is supposed to be taken by Judge Torres regarding whether Ripple is a security or not. For instance, if the judge ends up passing a decision that issues Ripple as an unregistered security, in that case, it would have to pay huge penalty fees for going against the SEC rules. The decision to go against Ripple could have a negative outcome on the market. 

After the completion of this historic court battle, other cryptocurrencies might also need to comply with the SEC rules. They would be required to register their tokens to confirm themselves as securities in the market. Moreover, a ruling in favor of the SEC could increase its dominance and grit to make regulations tighter across the US. 

Conclusion

A ruling by Analisa Torres could either propel the influence of the SEC on the crypto market or downgrade its proficiency as a crypto regulating body. Hence, everyone is eagerly waiting for the outcome of this decision while Judge Torres continues to pass decisions on other cases.