The U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has not revealed whether an appeal is forthcoming against the court’s decision favoring Ripple in the XRP lawsuit. The ruling stated that XRP can be considered a security when sold to institutional investors but not retail ones. Gensler mentioned that any staff recommendations regarding an appeal would be discussed among the commissioners before taking any action. Ripple’s chief counsel believes that the SEC may recommend an appeal, but Ripple remains confident in the judge’s decision and believes any appeal would affirm or amplify the ruling.
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