Ripple vs Disgruntled Loser SEC New Breakthrough – When Will It Stop?

• The SEC filed a new appeal against Ripple, causing community outrage and prompting outraged remarks from Ripple's CEO and Chief Legal Officer.
• Following the appeal announcement, $XRP dropped by 14% in the last 24 hours, with the bears taking temporary control.
• Ripple already won the case, establishing $XRP's status as a non-security. And the SEC can't change that.

You can't fault the SEC for their capacity for stubbornness. They seem to have a never-ending source of it.

The Ripple vs SEC case is beginning anew as the SEC is appealing the case. This will take the legal procedures all the way to early 2026 and possibly beyond.

Democratic congressman Wiley Nickel and Ripple's Chief Legal Officer Stuart Alderoty took to X to criticize the SEC's inability to accept facts. This led to more community backlash against the SEC.

At the same time, the SEC's chief enforcer (Gurbir Grewal) is stepping down on October 11. Many wonder if this could shift the agency's aggressive attitude toward crypto.

$XRP also dropped by 14% in the last 24 hours, a clear effect of the SEC's appeal against Ripple. The agency has long tried to prove that $XRP is a security, which is what this court case used to be about. But that's no longer relevant, as a judge ruled that $XRP is a non-security.

So, what is it really about? Let's discuss the situation and see what Ripple will do.

Ripple's Win Is Almost in the Bag - Is the SEC a Sore Loser?

At this point, the writing's on the wall.

Thecourt has already established that $XRP is not a security. While Court Judge Analisa Torres gave the SEC a partial win, forcing Ripple to pay $125M, that doesn't change the facts.

But Gensler and the SEC aren't rational,' as Brad Garlinghouse (Ripple's CEO) stated on X.

The SEC has no intention of disputing $XRP's status as a non-security. But then, what are they after? Why isn't the SEC dropping their seemingly non-existent case against Ripple?

Stuart Alderoty (Ripple's Chief Legal Officer) has a theory - litigation warfare against the industry, doubled by a misguided and irrational approach.

Everyone is distancing themselves from Gary Gensler, the SEC Chair, including the Democrats (likely because of the who's more pro-crypto' election debate). It's looking more and more likely that Gensler might receive the boot after the presidential elections.

Congressman Wiley Nickel also criticized the SEC's action, calling it a weak defense' and the reason why the US is behind the rest of the world' with digital assets. For example, Brazil is way ahead, having already launched a $SOL ETF.

But that's not all. No, no, no...

SEC Chief Enforcer Quits - Is the Agency Falling Apart?

As if to say, Wait, let me add to the embarrassment,' the SEC's chief enforcer (Gurbir Grewal) announced he would leave on October 11.

According to Alderoty, Grewal's announcement came an hour before the SEC's appeal hit the news. Coincidence, or did he see the writing on the wall?

Source: IMGFLip

Unfortunately, the SEC's appeal sent a ripple in $XRP's performance - minus 14% in the last day. The coin's market cap also fell by 14%, going under $30B.

The bears are currently dominating, but this shouldn't last long. Twitchy market responses like these never do.

Summary - Don't Be Sore Losers, People

Garlinghouse and Alderoty have a point - the SEC seems to be increasingly unreasonable and erratic. $XRP is not a security, and that should have been the end of it.

But no, it seems that giving up is not an option.

What happens next is anyone's guess, but we'll find out more in the coming months.

ReferencesClick to expand and view references

• Brad Garlinghouse X Post About the SEC's Appeal (X)
• Stuart Alderoty X Post on the SEC's Appeal (X)
• Congressman Wiley Nickel's X Post on the SEC's Appeal (X)
• Announcement About Grewal's Departure from the SEC (SEC)

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