According to Ripple’s chief legal officer, the SEC will continue with its appeal of a judgment in the civil case despite Chair Gary Gensler stepping down in six days.
Though party leadership at the US Securities and Exchange Commission (SEC) will change hands on Jan. 20, the regulator appeared to be moving forward with its current lineup of enforcement cases in court.
In a Jan. 14 X post, Ripple chief legal officer Stuart Alderoty said the SEC would not be postponing its filing of a brief as part of the commission’s appeal of a judgment against the blockchain firm. In August, a judge found Ripple liable for $125 million as part of the SEC’s case, alleging the firm used XRP as an unregistered security to raise funds.
“What a waste of time and taxpayer dollars,” said Alderoty. “Nevertheless, we are confident in our position on appeal and look forward to working with new SEC leadership to resolve this matter.”
