Ripple labschief legal officer Stuart Alderoty, of the Securities and Exchange Commission ( SEC)described the appeal as a factor that would trigger a Ripple victory.
The US securities regulator’s landmark report earlier this month Ripple Concern about a possible appeal against the decision was received positively by Ripple’s chief legal officer. Stuart Alderoty says if the SEC appeals the case, the court will Ripple labsHe stated that he believes that s can take action to further consolidate its partial victory over the financial regulator.
“An appeal could be a sign of victory”
On July 13, Judge Analisa Torres, XRP It decided that . On July 21, the SEC used its ongoing lawsuit against Terraform Labs founder Do Kwon to voice its complaints about the decision, implying that it will appeal the split decision in the future.
Stuart Alderoty, head of law at Ripple Labs, made statements by emphasizing the latest events in the case, and said;
“We think the judge got this right, and we think it’s a faithful application of the law, and I think an appeals court will not only uphold this, but maybe even expand it further.”
