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Aaron Greenspan
Catching up on last week's CNBC misinformation...
On Thursday, July 13th, CNBC published a headline suggesting that Ripple had sued the SEC and won a victory. No. The SEC sued Ripple. Which makes things slightly different. I've talked about why that order is a logical disaster elsewhere. (So has Matt Levine, who practically wrote a book about it in his newsletter for Bloomberg.)
Then, on Friday, July 14th, CNBC reported that the FTC's Ninth Circuit appeal had been denied—in a day. The headline was basically accurate, that the "bid," meaning "motion," for a preliminary injunction had been denied. But denying one motion in an appeal is a very different thing than denying an entire appeal.
Fortunately, CNBC corrected both of these problems after I explained them. But come on guys.
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July 17, 2023 at 12:15 PM EDT •  Reply |
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