After federal court docket win, Ripple’s authorized head nonetheless expects the battle for regulatory readability to pull on

It’s been virtually two weeks since a federal court docket ruling settled a years-long battle between Ripple Labs and the SEC over the character of Ripple’s XRP token. Southern District of New York decide Analisa Torres dominated that the XRP token shouldn’t be a safety when offered to most people, however it may be handled as a safety for previous XRP gross sales to institutional purchasers.

The decision was a “win” for each the corporate and the crypto group alike, however Stu Alderoty, chief authorized officer of Ripple Labs, hinted on starcrypto’s Chain Response podcast that the seek for regulatory readability is much from over.

The SEC stated after the ruling that the decision in favor of Ripple on secondary markets gross sales was “wrongly determined” and the court docket “mustn’t observe them.” The assertion was talked about in authorized paperwork for a separate case towards Terraform Labs, and the company stated it’s contemplating different obtainable avenues for additional overview.

However Ripple gained’t shrink back from the SEC’s doubtless attraction, Alderoty stated. “We expect the decide received that proper, and we expect that was a trustworthy utility of the legislation, and I believe a court docket of appeals won’t solely affirm that however perhaps even amplify that to even a better extent.”