[Ripple and SEC: “Victory” or a new chapter in the legal battle? 】
Although Ripple announced the end of its four-year legal battle with the SEC, some lawyers are skeptical that this actually constitutes a victory. Ripple CEO Brad Garlinghouse said on the X platform that Judge Analisa Torres reduced the SEC's fine against Ripple by 94% from $2 billion, calling it a victory for Ripple and the entire industry. However, some legal experts such as Philip Moustakis believe that while the reduced fine is good for Ripple, the high cost of the case, business disruption and the lack of clarity on how cryptocurrencies apply to U.S. securities laws make the victory incomplete.
In addition, it is still possible that the SEC may appeal some of its rulings in the case. Attorney Fred Rispol reminded that the SEC has a 60-day deadline for appeals, while Fox Business reporter Eleanor Terrett believes an appeal is more likely to be of the July 2023 ruling than the recent remedial ruling.
Overall, it is uncertain whether the SEC will appeal, which may keep Ripple's legal dispute with the SEC still open, especially over the sale of Ripple's cross-border payment service ODL.
