Can the Commission win the appeal?

Last week, the US Securities and Exchange Commission filed an appeal in the case against Ripple Labs.

This has been one of the most anticipated moves, with many speculating that the watchdog would waive his right to do so because his chances of winning are slim.

This is also likely the reason why the price of XRP dropped more than 12% on the news, clearly surprising several traders.

Now, attorney Fred Rispoli discusses the odds that the Commission will succeed in its efforts to overturn Judge Torres’ decision. Recall that it ruled that institutional sales of XRP are classified as investment contracts, but programmatic sales of XRP to exchanges are not. It also reduced the fines sought by the SEC by more than 90%.

Speaking to the “Thinking Crypto” podcast, Rispoli said the likelihood of an SEC victory will largely depend on who is assigned to the case panel.

“If there’s a panel that has a long history of agreeing with the government on everything, the SEC’s chances go up. You know, there could be a 70.80 percent chance they win.”

It’s also worth noting that the SEC has not yet specified which part of the decision it is appealing. This is an important detail, and will surely shape the outcome of the case.

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