PANews reported on August 18 that according to News.bitcoin, Ripple's chief legal officer said he would not be surprised if the U.S. Securities and Exchange Commission (SEC) did appeal the final ruling of Ripple's lawsuit against XRP. He questioned the rationality of the SEC and expressed his belief that any appeal by the SEC might fail. Statistically, the probability that the appellate court...overturned the decision of the lower court was less than 10%. Alderoty urged the SEC to focus on its core mission of protecting investors rather than pursuing unfounded cases.