Ripple's legal team is preparing for a possible appeal from the U.S. Securities and Exchange Commission (SEC) following a partial victory in a long-standing legal battle. The speculation arose after Stuart Alderoty, Ripple's Chief Legal Officer, indicated that an appeal from the SEC would not come as a surprise. His comments came after a ruling by Judge Analisa Torres that had declined to dismiss the SEC case but also slashed the SEC's initial demand of $2 billion to $125 million.
Ripple has seen this ruling as a victory against the SEC in its four-year-long legal battle. But, several issues have not been answered because the case can still not be said to be closed. The watchdog has another 60 days to appeal this decision, which has compounded the debate in the legal fraternity. Experts like James Murphy, alias Meta LawMan, have identified the period to express that the regulator may seek an appeal to the court ruling.
The post "Ripple Braces for Potential SEC Appeal Amid Partial Court Victory" first appeared on 36crypto.com News.
