Key Points:
- Legal expert James Murphy predicts four possible options the SEC might consider in the Ripple case: interlocutory appeal, standard appeal after trial, immediate appeal without permission, or settlement
- Pro-XRP Lawyer Bill Morgan agrees with Murphy’s prediction that the SEC is likely to pursue an interlocutory appeal
- Morgan suggests that Ripple should also seek an interlocutory appeal specifically related to sales to ODL customers
- Pro-XRP Attorney John Deaton reassures the XRP community that an SEC appeal would not impact XRP holders
- The appeal process could extend for up to two years, during which the summary judgment would remain in effect
What Happens If SEC Appeals?
Pro-XRP Attorney John Deaton reassures the XRP community that an SEC appeal would not impact XRP holders. Deaton explains that the appeal process could extend for up to two years, during which the summary judgment would remain in effect. The exact timing of the SEC’s appeal in response to the ruling remains uncertain.
Hot Take
The ongoing debates about the SEC’s next move in the Ripple case highlight the uncertainty surrounding the future of XRP. While legal experts predict possible options for the SEC, the opinions of Pro-XRP lawyers offer insights into potential strategies for Ripple. However, the reassurance from Pro-XRP Attorney John Deaton that an SEC appeal would not affect XRP holders provides some relief for the XRP community. Nevertheless, the lengthy appeal process adds to the overall uncertainty of the situation. Crypto enthusiasts will continue to monitor the developments closely to see how the case unfolds for Ripple and XRP.
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