The Ripple company came down hard on the US Securities and Exchange Commission’s (SEC) appeal of the court decision. Stuart Alderoty, the company’s legal counsel, stated that they could also file a counter-appeal.

“Shameful…”

Alderoty, who made a long tweet on X, said the SEC’s appeal was disappointing and embarrassing:

“The SEC’s decision to appeal is disappointing and of course not a surprise to us. In fact, it will only prolong this process, the end of which is clear. In addition, this whole process has become embarrassing for the institution. The court has already rejected the SEC’s claims of fraud, loss and victimisation. Instead of complying with the law, the SEC is still trying to impose forced regulation. These policies under this president give a war message to the crypto world. The lawsuit filed by the SEC was both illogical and misleading from the very beginning. We are also considering the possibility of appealing and getting this decision once again in the court of appeal.”

Alderoty also made a meaningful comment on the resignation of Gurbir Grewal, the chief executive officer of the SEC, saying, ‘It is a coincidence that he resigned an hour before the SEC’s appeal decision.’