Former SEC chief, Joseph Grundfest, believes that the Securities and Exchange Commission (SEC) would lose if it appeals the recent ruling against Ripple (XRP). He referenced a recent case where the SEC lost against the United States Supreme Court and emphasized the regulator’s aim to create a secure environment for investors. Grundfest expressed his disagreement with some SEC appeals but acknowledged they are intended to protect investors. The article also mentions a statement by Grundfest suggesting that the SEC will likely lose on appeal due to the court’s application of the Howey test.

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