In the Ripple case, attorney Fred Rispoli has attempted to allay worries about the SEC’s possible appeal.
The legal expert estimates that if the regulatory body chooses to appeal the case, a decision will not be made on the matter until at least 2026.
He has observed that there has been a significant “lessening of the sting” as a result of the SEC suing exchanges and claiming that some tokens are unregistered securities.
“If Ripple and/or XRP don’t make it now, it’s not because of the SEC’s case,” he added.
Additionally, according to Rispoli, the recent trial court decision, which is seen as being in Ripple’s favor, gives the company’s institutional partners “plenty of cover” to use the XRP token. The decision will not be changed until at least 2026.
Furthermore, Rispoli has projected that the SEC lawsuit will probably be superseded by some federal legislation.
Ripple’s latest move
In an attempt to thwart the SEC’s possible appeal in the case, Ripple has asked for the monetary portion of the court’s final judgment, as reported by U.Today.
According to Jeremy Hogan, a partner at Hogan & Hogan, the SEC has not yet decided whether to appeal the decision.
Hogan says there is no reason to wait to file an appeal notice if such a decision has already been made.
Given that “no one seems to be following it yet,” Hogan said last month that there was a 60% chance the SEC would file an appeal of the Torres ruling.
“And an appeal could also of course backfire as well. But I still think a 60% chance because…the SEC doesn’t operate like a normal litigant.,” he said back in August.