Stuart Alderoty, the legal chief at Ripple, remains confident in the face of potential appeals by the U.S. Securities and Exchange Commission (SEC) regarding the recent XRP ruling. He believes that an appeal could strengthen Ripple’s triumph over the regulator. The SEC hinted at appealing the ruling in a filing during a legal dispute with Terraform Labs. Alderoty asserts that XRP does not qualify as an investment contract and that the Ripple legal team will not back down. He predicts that a court of appeals would uphold and potentially strengthen the decision. Alderoty also criticizes the SEC’s approach to regulating crypto and calls for a rational and comprehensive regulatory framework. The market’s positive price movement reflects confidence in Ripple’s legal victory. Ripple’s legal chief sees the ruling as a precedent with implications for the broader crypto industry.
AI Sentiment: Positive