🚀【Ripple considers appealing SEC ruling】🚀

Recently, Ripple's Chief Legal Officer Stuart Alderoty said on the X platform that Ripple is considering appealing Judge Torres' ruling on institutional sales or a $125 million fine. This means that Ripple has 14 days to apply, and the appeal starts tomorrow.

Alderoty also said that the U.S. Securities and Exchange Commission (SEC)'s decision to appeal was disappointing but not surprising. He believes that the SEC's litigation war against the crypto industry under the leadership of current Chairman Gary Gensler is irrational and misleading. The court has rejected the SEC's suggestion that Ripple was reckless, and there are no allegations of fraud, victims or losses in the case.

Ripple's move may end the case in the Second Circuit Court, and Alderoty emphasized that they are ready to prove their position again in the Court of Appeal. Although the overall market situation is complicated, Bitcoin continues to perform well and continues to lead the cryptocurrency market forward. 🌟