Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

Ripple’s legal Chief, Stuart Alderoty, has expressed his belief that the U.S. Securities and Exchange Commission (SEC) may appeal the final ruling in the Ripple lawsuit over XRP. Alderoty criticized the SEC’s actions and questioned their rationality, stating that any appeal by the SEC would likely fail. He urged the SEC to focus on its core mission of protecting investors rather than pursuing baseless cases. Despite hoping that the SEC won’t appeal, Alderoty acknowledged that he wouldn’t be surprised if they did. However, he emphasized that the court’s ruling regarding XRP’s status as not a security and the secondary market trading of XRP as not security transactions would remain unchanged even if the SEC were to appeal. Alderoty also expressed confidence in the ruling, citing the Court of Appeals’ low reversal rate. He concluded by advising the SEC to refocus on cases that actually involve harm to investors and the market.