In a recent twist in the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC), Ripple CLO Stuart Alderoty highlighted a significant setback for the SEC. The Second Circuit Court of Appeals rejected the SEC’s appeal in the Aron Govil case, indicating a potential shift in the legal landscape. Moreover, Bill Morgan, a pro-XRP lawyer deemed it as a positive development in the Ripple vs SEC case if the former harnesses it well.
Pro-XRP Lawyer Provides Insight Into Ripple Vs SEC Case
Alderoty’s tweet emphasized the court’s conclusion on Aron Govil case. He noted that the case affirms “if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller.” This development sparked optimism among Ripple supporters as lawyer Bill Morgan sees it as a positive update for the blockchain payments firm. Morgan pointed out the implications of the Govil decision on the Ripple vs SEC case.
In a post on X, Morgan stated, “if instit
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