Legal experts are weighing in on Ripple’s strong defense against the SEC’s interlocutory appeal. Ripple and its top executives, Brad Garlinghouse and Chris Larsen, have opposed the motion, arguing that it is not justified. Ripple’s argument caught attorney John E. Deaton’s attention, as it suggests that the SEC’s classification of a digital asset depends on the circumstances at the time of its sale, undermining the SEC’s rationale for an appeal. Another attorney involved in the case, Fred Rispoli, finds it hard to believe that the judge would side with the SEC, as the legal analysis seems to favor Ripple. If the SEC is allowed to appeal, Ripple plans to cross-appeal on institutional sales and the interpretation of the term “investment contract.” The legal battle between Ripple and the SEC is expected to continue with more developments to come.
AI Sentiment: Positive
