Dennis Kelleher, chief executive of Better Markets, said the Securities Exchange Commission had a 90 per cent chance of winning its appeal of the XRP lawsuit against Ripple. He criticized the court's decision as flawed, arguing that the judge in the case had misapplied the law. Kelleher said in an X post, "Be serious. This is not a'state law ', this is just a baseless decision by a district court judge that has been overturned by other highly respected judges and will be overturned on appeal, which is why the judge will not allow the SEC to appeal.