In a recent update shared on the X platform by Fox Business journalist Eleanor Terrett, a former SEC lawyer has hinted that the SEC could be planning to appeal Judge Torres’ July 2023 ruling in the Ripple case. According to this source, there is a prevailing sentiment within the SEC that the judge’s decision was flawed and warrants a challenge. The deadline for the SEC to officially file an appeal is set for October 7, adding urgency to the situation as stakeholders await clarity on the agency’s next steps.