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Ripple’s chief legal officer outlines possible outcomes for upcoming SEC case
Ripple’s Chief Legal Officer, Stuart Alderoty, outlines several scenarios that might play out regarding the outcome of the legal dispute between Ripple and the U.S. Securities and Exchange Commission.
In an X post, Alderoty predicts that the U.S. Second Circuit Court of Appeals will either affirm Judge Analisa Torres’s decision or expand upon her ruling. Although he believes SEC hopes for a remand, the chances of that happening is “a remote hope” at best.
“The 2nd Cir. will either affirm Judge Torres or expand her ruling. The best the SEC can hope for (and it’s a remote hope) is a remand,” said Alderoty on his post.
The Chief Legal Officer of Ripplexrp-4.14%XRP further elaborated by saying Judge Torres has clarified that during SEC’s failed interlocutory appeal her initial ruling stood firm, including all of Ripple’s defenses and the significant Fair Notice argument.