The cryptocurrency community has lately debated a possible appeal from the Securities & Exchange Commission following the latest Ripple ruling. Meanwhile, former SEC Office of Internet Enforcement chief John Reed Stark tweeted that the securities regulator can lose an appeal.

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SEC can certainly lose an appeal

Stark stated that the commission rarely filed appeals and could lose them. Moreover, many community members weighed on the potential appeal filing by the SEC to overturn the court’s ruling that XRP isn’t a security.

Further, crypto enthusiasts remain bullish on the cross-border transactions altcoin. JC tweeted that the sore losers (regulator) is trying to spread FUD. He advised on HODLing due to massive bullish Ripple news.

Meanwhile, Stark highlighted a recent case where the SEC lost against the United States Supreme Court. Nonetheless, he added that the regulator aims to ensure a secure environment for investors. He stated,

“…SEC appeals (even when I fiercely disagree with them) are about trying to do the right thing for investors.”

Pro-XRP lawyers also share similar views on Ripple vs. SEC battle. For instance, John Deaton trusts the ruling was legitimate since Analisa Torres only used the Howey test to determine whether XRP is a security.

“Judge Torres did not weigh any other factor other than applying the Howey test… The SEC will lose on appeal…”

XRP price outlook

While the United States retains an ambiguous landscape for the crypto business despite Ripple’s partial win, enthusiasts are highly bullish on the market. Cryptocurrency influencer Ben Armstrong made a massive forecast for XRP, eying $15 in the next 18 months before clearing the path to $35.

Armstrong trusts the much-awaited Initial Public Offering would catalyze a remarkable uptick for the remittance token. Invezz.com reported how IPO speculations emerged after Nasdaq appreciated Ripple for the Metaco acquisition (read more here).

Cryptocurrency prices flashed bearishness today, with Bitcoin losing 0.18% over the last 24hrs to $29,877.84. The fourth-largest crypto, XRP, seems the most hit on the daily chart as it lost 4.51% within the past day to $0.7364. However, the future remain promising.

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