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If the SEC wants to appeal last week\u2019s judgment in the Ripple case, it better act fast. So says Bill Hughes, regulatory chief at Ethereum booster ConsenSys and one of the many crypto policy pros assessing the ramifications of U.S. district judge Analisa Torres\u2019 decision. The regulatory agency\u2019s decision to appeal hinges on a number of factors, Hughes says, including that this Supreme Court will likely be unkind to SEC Chair Gary Gensler\u2019s interpretation of how to regulate crypto. But of course, a political calculus is also in play, and suddenly U.S. lawmakers have a slew of crypto bills and amendments to choose from. How will it play out?\n\nShow highlights:\n\nwhether the SEC is going to appeal the recent Ripple ruling and whether Judge Analisa Torres would allow it\n\nwhat the risks are for the SEC of taking the case to the Second Circuit\n\nwhy Bill believes that the SEC\u2019s chances are not good at the Supreme Court\n\nwhat the motivation is behind the new DeFi bill in the U.S. Senate\n\nhow that bill would impact the different stakeholders in a DeFi project\n\nwhy the crypto community should put its focus on the stablecoin and market structure bills first, according to Bill\n\nhow the SEC has been dropping lawsuits days prior to Congressional debates about crypto\n\nThank you to our sponsors!\n\nCrypto.com\n\nRailgun DAO\n\nOndo Finance\n\nArbitrum Foundation\n\nGuest\n\nBill Hughes, senior counsel and director of global regulatory matters at ConsenSys.\nLinks\n\nPrevious coverage of Unchained on the Ripple case:\xa0\n\nWhy the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and Congress\xa0\n\nNew Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now?\n\nThe Chopping Block: Should XRP Holders Really Be Rejoicing?\n\nThe SEC's Lawsuit Against Ripple and 2 Execs: What You Need to Know\xa0\n\nRipple's XRP: Why Its Chances of Success Are Low\n\nCoinDesk: Ripple's Legal Win Means It's Time for Crypto to Stand Up to the SEC\n\n\nUnchained:\xa0\n\nU.S. Senate Bill Calls for Strict KYC and AML Regulations for DeFi\n\nSEC vs Ripple: Judge Rules XRP Sold on Exchanges Is Not a Security\n\nBill\u2019s thread on the Lummis-Gillibrand amendment\n\n\nS.Amdt.712 to S.2226 - 118th Congress (2023-2024)\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices