In the Ripple (XRP) SEC case, which is the most important case in the history of crypto money markets, appeal speeches became the agenda after the judge’s decision. The SEC’s response to the fraud case involving Terraform Labs drew attention to details that it could appeal against the judge’s decision regarding the XRP case.
Concerning fraud charges related to Do Kwon in the Terraform Labs case in court documents The SEC’s responses were on the agenda. The SEC documents revealed that the judge’s decision on Ripple (XRP) was wrong and ways were sought to appeal;
“There was a wrong decision on the part of the sale to small investors regarding Ripple and this court should not follow that decision. SEC staff are considering multiple avenues for further review and are considering advising the SEC to seek review on this decision.”
After XRP decision SEC Chairman Gary Gensler He also expressed some objections to the decision. It is unclear whether Gensler, who remains hostile to the cryptocurrency market, will appeal the XRP decision. The appeal process may be delayed after the US elections, and it is highly likely that Gensler will not remain in office during this process.