Ripple has filed a cross-appeal in its ongoing legal battle with the US Securities and Exchange Commission (SEC), seeking to solidify the court's previous ruling that XRP is not a security. The move comes after the SEC appealed against certain aspects of the lower court's decision.
a ‘Civil Appeal Pre-Argument Statement’ , signaling its intent to challenge a previous court decision in the case.filingwhether this delay signals a possible private settlement with Ripple or if it was the result of a mistake by Gary Gensler’s team.
This case, Ripple argued, signaled the SEC’s broader intention to target more entities within the space. Hence, the outcome could set a crucial precedent, influencing how security laws are applied to token issuers, particularly within the key financial jurisdiction of the Southern District of New York.“No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land. Stay tuned for Ripple’s Form C to be filed next week.”“The SEC lost on all key points—that’s why they appealed.
Ripple Sec Xrp Cryptocurrency Legal Case
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