Pro-XRP lawyer Bill Morgan speculates that the SEC and Ripple will appeal Judge Torres’ decision. Australian-based lawyer Bill Morgan has highlighted the possible next line of action in the SEC v. Ripple lawsuit. In a tweet today, attorney Morgan said both Ripple and the SEC would appeal Judge Torres’ recent summary judgment ruling. Ex-SEC Lawyer […] The post Pro-XRP Lawyer Says Both SEC and Ripple Will Appeal Judge Torres’ Decision first appeared on The Crypto Basic.

Pro-XRP Lawyer Says Both SEC and Ripple Will Appeal Judge Torres’ Decision

Pro-XRP lawyer Bill Morgan speculates that the SEC and Ripple will appeal Judge Torres’ decision.

Australian-based lawyer Bill Morgan has highlighted the possible next line of action in the SEC v. Ripple lawsuit. In a tweet today, attorney Morgan said both Ripple and the SEC would appeal Judge Torres’ recent summary judgment ruling.

Ex-SEC Lawyer Shares Same Sentiment

Fagel noted

However, Fagel asserts that the SEC and Ripple will appeal Judge Torres’ decision on the case. He added that the regulatory agency has a better chance of having Judge Torres’ decision on programmatic XRP sales reversed.

In response, attorney Morgan said he agrees with Fagel’s assertion that the parties will appeal the judge’s ruling. Per Morgan, the parties will not appeal the decision if they settle.

Judge Torres’ Split Decision

For context, Judge Torres issued the much-anticipated summary judgment decision for the SEC v. Ripple case. As  reported , the judge ruled that Ripple’s programmatic XRP sales are not securities while finding the company’s direct past sales to institutional clients as securities.

A trial will be held regarding whether Ripple execs aided the leading blockchain company in selling XRP to institutional clients.

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