Ripple Vs SEC : When Can We Expect SEC’s Appeal?Legal Expert Forecasts Potential Timeline

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There have been several ongoing debates on what the SEC will do next in the Ripple case. Popular Legal expert James Murphy (alias MetaLaw Man) has recently shared the four options he believes the SEC is considering in its lawsuit against Ripple. 

In response to this discussion, prominent Pro-XRP Lawyer Bill Morgan has shared his insights and reasoning. Let’s delve into the details.

Bill Morgan Advocates for Safeguarding Ripple in ODL Sales Appeal

Following its loss in the lawsuit against Ripple, there have been numerous predictions on SEC’s next move in the lawsuit. Legal expert James Murphy, known as MetaLaw Man, recently shared four possible options that the SEC might be considering. 

This includes requesting an interlocutory appeal (before final judgment), filing a standard appeal after a trial, pursuing an immediate appeal without permission, or settling the case. MetaLaw Man predicts SEC may request interlocutory appeal due to political pressure. 

Bill Morgan, a well-known Pro-XRP Lawyer, agrees with MetaLaw Man’s prediction that the SEC is likely to pursue an interlocutory appeal, which he believes is driven by the SEC’s policy of regulation through enforcement.

If this happens, Morgan suggests that Ripple should also seek an interlocutory appeal specifically related to sales to ODL customers. He argues that these sales were wrongly categorized as investment contracts along with other institutional sales. 

This measure would safeguard Ripple in case they face unfavorable outcomes on programmatic sales, ensuring that U.S. ODL customers can continue to purchase XRP from Ripple or exchanges.

What Happens If SEC Appeals? 

The SEC’s decision to appeal has caused insecurity for the XRP community, and there have been debates on how this could affect the XRP holders. However, Pro-XRP Attorney and amicus curiae in the lawsuit, John Deaton, has provided his insights. 

Pro-XRP Attorney John Deaton has reassured the XRP community, stating that an SEC appeal would not impact XRP holders. Deaton explained that the appeal process could extend for up to two years, during which the summary judgment would remain in effect. The exact timing of the SEC’s appeal in response to the ruling remains uncertain.