Ripple's legal counsel expects the XRP case to be appealed to the SEC, although the probability of overturning the lower court's judgment is less than 10%.
Ripple's chief legal officer said he would not be surprised by the SEC's appeal in the XRP lawsuit.
He believes there are issues with the SEC's rationale and suggests that the appeal is likely to fail, as the probability of overturning the lower court's ruling is less than 10%. He advises the SEC to focus on protecting investors instead of pursuing baseless cases.
PANews August 18th news, according to News.bitcoin, Ripple's Chief Legal Officer said that he would not be surprised if the US Securities and Exchange Commission (SEC) appeals the final ruling of the lawsuit against Ripple regarding XRP. He questioned the rationality of the SEC and expressed belief that any appeal by the SEC could fail. From a statistical perspective, the probability of an appellate court overturning a lower court judgment is less than 10%. Alderoty urged the SEC to focus on its core mission of protecting investors rather than pursuing baseless cases.
