Ripple's appeal move against the SEC: "It's embarrassing for them"

The SEC's use of its right to appeal in the Ripple case yesterday evening also mobilized the other side. Ripple's legal counsel Stuart Alderoty stated that they were also evaluating the possibility of a counter-appeal and had harsh words for the SEC.

Ripple was harsh on the US Securities and Exchange Commission's (SEC) appeal to the court decision. The company's legal counsel Stuart Alderoty stated that they could also file a counter-appeal.

"It's embarrassing..."

Alderoty, who posted a long tweet on X, said that the SEC's appeal was disappointing and shameful:

"The SEC's appeal decision was disappointing and of course it's no surprise to us. In fact, it will only extend this process, the end of which is clear, a little longer. In addition, this whole process has become shameful for the institution. The court already rejected the SEC's fraud, loss and victimization claims. The SEC is still trying to impose regulation by force instead of complying with the law. These policies under this president are sending a war message to the crypto world. The lawsuit filed by the SEC was both illogical and misleading from the very beginning. We are also considering the possibility of appealing and having this decision taken once again in the court of appeals.”

Alderoty also said about the resignation of Gurbir Grewal, the chief executive officer of the SEC, “It is also a coincidence that he resigned an hour before the SEC’s appeal decision” and made a meaningful comment.

✒️Uzmancoin