The appointment of the SEC would not be a setback for Ripple

• The SEC has submitted documents from which it shows that it intends to appeal against the latest judgment in her case against Ripple.
• John Deaton, founder of Crypto Law, says that the judge's decision will remain the law until the appeal is heard and decided.
• The XRP price declined according to the news, although the declines were distributed well across the entire market.

The US stock exchange supervision SEC (Securities and Exchange Commission) signaled in the documents submitted on Friday that it would appeal to the decision of the court regarding XRP.

But while a former SEC official found that this could probably be bad news for Ripple, a Pro-XRP lawyer said that this would not be the case-"not even nearly", as he noted.

The decision of judge Torres is initially "law".

The reference to the SEC on an appeal against the judgment by judge Analis Torres was unveiled in documents in connection with the case of the agency against Terraform Labs and her former CEO do Kwon. The supervisory authority criticized the judge's decision and pointed out a possible appeal.

in a Twitter In response to the hint that Ripple could have a setback, said John Deaton, said, John Deaton, said Founder of Crypto Law:

" an appeal is not nearly a setback. Firstly, it will take two years before the 2nd court district issues a decision if appeal is made. Until then, the Torres decision applies-at least in the 2nd district. the case will be), this does not mean that the SEC wins in programmatic sales (sales on stock exchanges). . “

According to Deaton, judge Torres could "still decide the same" if the SEC would make an appeal.

" let me be more precise: I do not say that judge Torres is binding within the Sdny. Another district judge could contradict her. But I think that a judge colleague in the 2nd district will be difficult to contradict judge Torres, especially if you cite judge Castel from Telegram. Have read coinbase transcript, we can see that it is already going , "he explained.