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Ripple executives and top lawyers say something deeper behind the SEC's appeal

As the U.S. Securities and Exchange Commission (SEC) officially appeals the verdicts in the Ripple lawsuit, prominent industry figures, including legal experts and Ripple executives, are convinced that there is more to it than is apparent.

Ripple's chief legal officer, Stuart Alderoty, was the first to raise eyebrows about this The SEC's decision to appeal indicates a strange coincidence. Specifically, Alderoty noted that SEC Enforcement Director Gurbir Grewal announced his resignation just an hour before the SEC filed its notice of appeal.

That timing has led Alderoty to question whether Grewal's sudden departure as the agency's top law enforcement official is more than just a coincidence.

Pro-XRP lawyer Jeremy Hogan also expressed similar skepticism about the timing of the events. Hogan expressed He doubts that the coincidence that Grewal announced his resignation on the same day the agency filed its appeal is pure coincidence.

With a touch of humor, Hogan acknowledged that he might be considered “crazy” for questioning the timing, but he doesn't believe it was just a coincidence.

Meanwhile, Hogan argued that the agency made a “big mistake” in appealing, stressing that the risk far outweighs the reward.

“Certainly” there is something deeper behind the SEC’s appointment – ​​Ripple’s CEO

Meanwhile, legal experts aren't the only prominent figures to suggest that there may be more to the SEC's appeal than meets the eye. Ripple CEO Brad Garlinghouse noted that it “certainly” feels like there is something deeper than is apparent.

“The truth – and corruption – always comes to light at some point” Garlinghouse said.

In response to Ripple CEO, crypto enthusiast Jim Pickrell offered a different perspective: suggest that the SEC may “now” have more information on details that it was previously unable to demonstrate in prior litigation.

The Crypto Basic noted that the SEC filed an appeal shortly after Biwise filed its XRP ETF application.

SEC objection means: “XRP is important”

In a separate conversation, XRP critic Jay Kyle commented recommended that the SEC's decision to appeal the Ripple case is evidence of the importance of XRP. Jay argued that the SEC wouldn't bother litigating again over a “shit coin” unless it was valuable.

Accordingly, he revealed that he is “now bullish” on XRP, suggesting that the SEC’s appeal has made him unexpectedly optimistic about its prospects.

Disclaimer: This content is for informational purposes and should not be considered financial advice. The views expressed in this article may contain the personal opinion of the author and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic assumes no liability for any financial losses.

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