SEC has no chance of success in Ripple appeal, lawyer says
Lawyer Bill Morgan believes the US Securities and Exchange Commission has little chance of winning an appeal against Ripple in its ongoing litigation. The lawyer in X (form. Twitter) opines that there is no obvious error subject to appeal other than Ripple’s “support for ODL sales that fail to meet at least two prongs of the Howey test.” However, he added that there is a minimal chance (about 3%) of the SEC’s success in filing an appeal against Ripple (XRP). I don’t see any obvious appellable error other than in Ripple’s favor in respect of ODL sales which don’t meet at least two prongs of the Howey test. The SEC’s prospects of success on appeal are very slim and I feel generous today so I am giving it 3% chance of success on appeal https://t.co/FRIFbqzmVA — bill morgan (@Belisarius2020) October 22, 2023 Morgan’s prediction came from other statistics shared by Jeremy Hogan, a prominent attorney who shared government data on appeal success ...