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Pro-XRP attorney Jeremy Hogan's analysis suggests that the SEC faces limited strategic options in the Ripple lawsuit.
XRP's price remains sluggish amid broader market trends despite rejection of SEC's appeal.
The SEC may still appeal the decision after the trial, according to legal expert John Reed Stark.
In the ongoing legal battle between Ripple Labs and the U.S. Securities & Exchange Commission (SEC), attorney Jeremy Hogan – who is known for supporting Ripple in its legal battle against the regulator – has raised questions about the SEC's strategic choices. Hogan's analysis indicates that the federal agency may have limited options in the Ripple case, even if they achieve success in an appeal.
The statement comes in the wake of Judge Torres's refusal to grant the SEC an interlocutory appeal. However, the decision hasn’t helped to propel XRP price, which has fallen around 4% in the last 24 hours amid a broadly bearish market trend.
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