The developments of the Ripple lawsuit against the SEC
Although Ripple has received favorable rulings, this decision may affect the performance of XRP in the market.
Speculation about an appeal by the U.S. Securities and Exchange Commission (SEC) is gradually increasing as a new attorney leaving the SEC told reporter Eleanor Terrett that the agency may appeal the ruling of Judge Analisa Torres from July 2023 in the Ripple lawsuit against the SEC.
The U.S. SEC has one last chance to win the lawsuit
John Deaton, attorney for 75,000 XRP holders, believes the SEC is likely to appeal, although this is a waste of taxpayers' money. He argues that even if the appellate court rules that Judge Torres was wrong in applying the third provision, the case will still be sent back to Judge Torres and the SEC will lose the lawsuit again.
Fred Rispoli agrees with John Deaton that Torres's ruling will be very difficult for the SEC to overturn. He believes the SEC's chances of winning the Ripple lawsuit will largely depend on the three randomly selected judges who will handle the case.
He and other attorneys, including Bill Morgan and Jeremy Hogan, believe the SEC will file an appeal at the last minute. This could also be the agency's last opportunity.
If the SEC does not appeal, the lawsuit will end with a major victory for the Ripple and XRP community. This will be a key catalyst for XRP's price to rise in the near future.
Experts believe that a victory in the lawsuit against the SEC will help this altcoin return to its peak.
