Attorney Jeremy Hogan suggests a 60% chance that the SEC will appeal the court decision in the Ripple lawsuit, indicating ongoing litigation.
Following the ruling, XRP’s price briefly surged over 20% but later faced resistance, retracing to $0.5847 with a market cap below $33 billion.
Earlier this week, District Court Judge Sarah Netburn ordered Ripple to pay the US SEC $125 million in penalty for violating securities laws with its XRP sales to institutions. However, everyone is asking whether this is the end of the long-running Ripple vs. SEC battle or if something more is coming.
Market analysts have been suggesting that the U.S. Securities and Exchange Commission is likely to appeal the decision once again, per the CNF report. Attorney Jeremy Hogan stated there’s a good 60% chance that the SEC would appeal the decision again. He wrote:
I’ve settled on a 60% chance that the SEC appeals. Judge Torres’ opinion is an outlier and no one seems to be following it yet so it doesn’
We współpracy z: https://www.crypto-news-flash.com/ripple-vs-sec-case-60-chance-the-case-will-be-appealed-says-lawyer/
