• Written by: Abdulkarim Abdulwahab
  • Wed, 26 Jul 2023
  •   United States

Ripple CLO Stuart Alderoty is confident in XRP’s legal battle, anticipating a similarly favorable outcome should the SEC appeal the XRP ruling. Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple, a prominent blockchain technology company headquartered in San Francisco, expressed unwavering confidence in the firm’s readiness to address any potential SEC appeal arising from […] The post Ripple Will Not Shy Away From SEC Appeal As Appeals Court Will Affirm XRP Ruling: Ripple CLO first appeared on The Crypto Basic.

Ripple Will Not Shy Away From SEC Appeal As Appeals Court Will Affirm XRP Ruling: Ripple CLO

Ripple CLO Stuart Alderoty is confident in XRP’s legal battle, anticipating a similarly favorable outcome should the SEC appeal the XRP ruling.

Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple, a prominent blockchain technology company headquartered in San Francisco, expressed unwavering confidence in the firm’s readiness to address any potential SEC appeal arising from the recent federal court ruling.

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“Ripple Won’t shy away from likely SEC appeal of its federal court ruling.

The lawyer expressed confidence in the court of appeals’ decision, stating:  

“We think the judge got that right, and we think that was a faithful application of the law, and I think a court of appeals will not only affirm that but maybe even amplify that to even a greater extent.”

Alderoty went on to underscore that Judge Analisa Torres’ recent ruling would effectively demonstrate to other judicial authorities that the actions of the US SEC regarding its regulatory measures on the cryptocurrency industry are fundamentally “misguided.”

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