As the cryptocurrency community continues to celebrate the favorable ruling in the lawsuit that the United States Securities and Exchange Commission (SEC) had filed against blockchain company Ripple, many are wondering whether the regulator would appeal the court’s decision.
To address these concerns, legal expert Jeremy Hogan has shared his own two cents, arguing that, even though most attorneys think the SEC will appeal after the trial and final judgment, his belief is that neither side will do so, as he explained in a Twitter thread posted on July 17.
Why no appeal
Specifically, as Hogan states, “appeals are difficult to win as it’s Judge Torres who reviewed the WHOLE record.” Secondly, he argued that the SEC had more to lose than gain by appealing her decision:
“If it wins the appeal, it pulls back some adverse trial-level case. But if it LOSES at the appellate level, now every Court in the 2nd [District Court of Appeal (DCA)] MUST follow the decision. They could literall
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