Ripple (XRP) Market Awaits SEC Appeal Decision as Chief Legal Officer Stuart Alderoty Announces Victory Against SEC Chair Gary Gensler

SEC Appeal Could Shift XRP Market Dynamics The SEC appeal remains critical to XRP's market trends. The agency must file its opening brief by Jan. 15

Ripple’s Chief Legal Officer Stuart Alderoty has announced a significant legal victory against SEC Chair Gary Gensler on Nov. 23. He praised Ripple’s leaders Brad Garlinghouse and Chris Larsen, along with the legal team, for their contributions during the prolonged legal battle.

“Today marks an important milestone in the crypto industry’s fight for clear & sensible regulation. We are pleased the SEC has decided not to appeal the Court’s XRP ruling. This decision is a clear win not just for Ripple, XRP holders, and the crypto industry, but for the rule of law itself,” said Alderoty in a statement.

The SEC’s decision not to appeal the XRP ruling could have a profound impact on the SEC’s approach to regulating digital assets and the XRP market dynamics. The agency had until Jan. 15 to file its opening brief, coinciding with Chair Gensler’s expected departure from the SEC.

The XRP community and market participants have been eagerly awaiting the SEC’s next move in the Ripple case. With the agency deciding not to appeal the XRP ruling, the锒件事 could set a precedent for crypto regulation, especially regarding XRP’s programmatic sales.

Pro-crypto lawyer Bill Morgan addressed the possibility of a withdrawal under new SEC leadership. He said, “I just don’t see how any new SEC chairperson selected by Trump can continue the enforcement cases against Ripple and the exchanges. The Ripple case is easy to end. Abandon the appeal and take the $125 million fine.”

If the SEC abandons its appeal, the decision could extend to cases involving Coinbase (COIN) and Binance, easing regulatory pressure on the crypto market. This could also pave the way for regulatory frameworks that prioritize innovation while protecting investors.