According to Bloomberg, Ripple CEO Brad Garlinghouse recently talked about the ruling on the Ripple case and said that the SEC is expected to appeal the case, but any appeal may take years. It is reported that SEC spokesman Scott Schneider said on Thursday that the agency "is pleased with the court's finding that the provision and sale of XRP as an investment contract (for institutions) violates securities laws." He also said that the SEC is continuing to review the decision.
Earlier news, Brad Garlinghouse insisted that the recent US court ruling represented a complete failure for the SEC rather than a partial victory.
