XRP Lawsuit: SEC Filing Implies Unlikely Appeal, Ripple CEO Confident in Judge Torres’ Ruling
The ongoing XRP lawsuit took a significant turn as the U.S. Securities and Exchange Commission (SEC) filed a document that suggests they will not be pursuing an appeal against Judge Torres’ ruling. This development has provided some relief for Ripple, who recently secured a stay order from the court to prevent a $125 million payment. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty are cautiously optimistic about the SEC’s decision not to appeal, hoping it signifies a favorable outcome for the company.