As the U.S. SEC has officially moved to appeal the rulings in the Ripple lawsuit, prominent figures in the industry, including legal experts and Ripple executives, believe there is more to it than apparent.

Ripple’s Chief Legal Officer, Stuart Alderoty, was the first to raise eyebrows over the SEC’s decision to appeal, pointing out a curious coincidence. Specifically, Alderoty noted that SEC Enforcement Director Gurbir Grewal announced his resignation just an hour before the SEC filed its notice of appeal. 

This timing has led Alderoty to question whether Grewal’s sudden departure as the agency’s top enforcement officer is more than just a coincidence. Pro-XRP attorney Jeremy Hogan also shared a similar skepticism about the timing of events. Hogan expressed his doubts that the coincidence of Grewal announcing his departure on the same day the agency filed its notice of appeal is a mere chance. 

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