SEC is preparing to Overturn Ripple Case

     Gary led US Securities and Exchange Commission (SEC) is not ready to accept the defeat in Ripple case. The defeat in Ripple case might end the arbitrariness of SEC in crypto sector, so SEC is trying to reverse the decision of Ripple case.

SEC to Reappeal for small-scale Investors?

     The SEC will have to appeal to the second circuit to reverse the court's decision, but it cannot simply appeal without a strong reason. Former SEC official John Reed Stark has described the SEC v. Ripple decision in favor of protecting institutional investors but not retail investors. So the SEC has an excuse to appeal for the protection of retail investors.

SEC To Gain Public Support?

The SEC does not enjoy public support, which it needs now. The SEC has earned a bad name for chasing frivolous cases and not prosecuting scammers. So after losing the Ripple case, the first thing the SEC did was meet public needs (like debt reimbursement) and crack down on scammers (like Celsius).

Ripple is Preparing for SEC's Next Move

     Ripple is also wary that the SEC will not sit quietly after getting its tail crushed by the sledgehammer of the court, so Ripple is planning its next step. Ripple may also be outside the jurisdiction of the SEC except in the US, but it seems Ripple official thinks political protection is necessary to avoid problems with the value of XRP.