David Schwartz, CTO of Ripple Labs, made statements regarding the SEC's objection. According to Schwartz, the SEC has filed an appeal on the grounds that the legal case has not yet been settled. This objection by the SEC has created uncertainty in the markets after the court ruling that XRP is not a security. Schwartz argued that the SEC's particular circumstance affected operation and it would be better to hold off until the appeal was resolved. However, Ripple has stated that it prefers to advance the main case through the appeals process. A legal dispute between two parties may result in whether the court accepts the appeal and may affect the decision.