Ripple's SEC Appeal Doesn't Challenge XRP's Non-Security Status
The U.S. Securities and Exchange Commission's latest appeal in its case against Ripple does not challenge the court's ruling that XRP is not a security.
On Oct. 16, the SEC filed a Form C civil appeal with a pre-argument statement against certain aspects of the court's summary judgment in favor of the defendants in its XRP rulings.
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The appeal, shared by Ripple defense attorney James Filan on Oct. 17, asks the court to review its decisions regarding Ripple's sales of XRP on exchanges, as well as personal sales of XRP by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.
Court ruling on XRP status remains intact
Ripple's chief legal officer Stuart Alderoty Hugo comments on the SEC's appeal in X, emphasizing that the SEC's Form C does not appeal the ruling that XRP is not a security.
"That decision stands as the law of the land," Alderoty wrote, adding that Ripple is preparing to file its own Form C next week
Ripple's chief legal officer Stuart Alderoty emphasized that the SEC's Form C does not appeal the ruling that XRP is not a security.
