Ripple vs. SEC: Appeal Unlikely, Says Analyst

Pro-XRP lawyer Bill Morgan believes that the SEC is unlikely to appeal the recent summary judgment in favor of Ripple. He argues that the SEC may find it difficult to justify an appeal based on purely legal grounds, given the support for Judge Torres' ruling from other judges in similar cases.

Key Points:

 Judge Orrick's Support: Judge Orrick, in the Kraken case, praised Judge Torres' reasoning in the Ripple case, particularly the third prong of the Howey test.

 Consistent Legal Approach: The alignment between Judge Torres' ruling and those in the Kraken and Binance cases could make it harder for the SEC to appeal.

Strategic Considerations: If the SEC does appeal, it may be influenced by factors beyond legal considerations, such as political motivations.
 
Timeline: The SEC's decision on whether to appeal will likely be made at its closed meeting on August 29. An appeal could significantly delay the resolution of the case.
Conclusion: