• Stuart Aldeloti stated he wouldn't be shocked if the SEC decides to attraction the XRP ruling.
• The lawyer added that nothing adjustments XRP's standing as a non-security.
• Aldeloti emphasizes the idea of rationality, arguing that the SEC has been irrational close to cryptocurrencies.

Ripple's current partial victory towards the U.S. Securities and Change Fee (SEC) has fueled hypothesis a few potential regulator attraction. In an interview, Ripple's Chief Authorized Officer Stuart Aldeloti stated he wouldn't be shocked if the SEC determined to attraction.

The attorneys' feedback got here one week after Choose Analisa Torres ordered the SEC to drastically cut back its $2 billion penalty demand to $125 million, a historic milestone celebrated by Ripple, however the last ruling in a four-year authorized battle stays doubtful.

Following the ruling, many specialists advised that the SEC could attraction, together with James Murphy, also referred to as Meta Roman, who additionally reminded the group that the SEC has a 60-day interval to decide.

In a current interview, Aldeloti argued that an attraction by the SEC wouldn’t change XRP's non-security standing, including that “that's the legislation of the land.” He cited the SEC's courtroom file and pressured that the ruling is unlikely to be overturned on attraction.

In the meantime, XRP advocate Invoice Morgan echoed Aldeloti's notion of “rationality” relating to the SEC's determination, arguing that the SEC could be an irrational actor in the case of cryptocurrencies. Additional reinforcing Aldeloti's optimism {that a} decision to the case is close to, Morgan stated that additional SEC proceedings is not going to change XRP's standing.

Amid these developments, Ripple’s XRP is trending negatively, at present priced at $0.5636. The token has recorded a slight drop of 0.79% up to now 24 hours and a big drop of seven.5% over the previous seven days.