Ripple’s chief legal officer s_alderoty predicts if the SEC appeals the ruling from the regulator's case against Ripple, it could see the courts amplify Ripple Labs' victory to a greater extent.
) token does not constitute an investment contract and that the Ripple team would not shy away from any appeal brought to the courts by the SEC.
“Respectfully, those portions of Ripple were wrongly decided, and this Court should not follow them,” SEC lawyers wrote, asserting that retail sales of XRP should have been deemed securities. “Our case and the decision rendered by our judge [Torres] will provide comfort to other judges that the SEC is just misguided.”
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