Lawyers debate over Ripple case after rejection of SEC’s motion for appeal

Crypto lawyer Jeremy Hogan described the recent order as a “disaster” for the SEC, but other legal commentators are urging the community to temper its excitement for now.Crypto lawyers are seemingly divided over the significance of a recent court order from Judge Analisa Torres, which denied the United States Securities and Exchange Commission’s plan to file an interlocutory appeal against Ripple.

Bill Hughes, a lawyer at blockchain firm Consensys, told Cointelegraph that the rejection of the SEC’s appeal was something that he’d expected, explaining that it's not typical for such an appeal to make it through during this part of a trial. Similarly, Gabriel Shapiro, the General Counsel at Delphi Labs, warned crypto advocates to temper their excitement over the ruling, explaining that the decision wasn’t an all-out loss for the SEC.on X , Shapiro said that while the SEC’s motion for an appeal had been denied in this instance, the SEC could still appeal the case later.

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