US SEC formally appeals Ripple case ruling

Odaily News The U.S. Securities and Exchange Commission (SEC) has formally appealed the XRP ruling made by Judge Analisa Torres. On Thursday, the regulator filed a Form C with the U.S. Court of Appeals for the Second Circuit. The legal battle over whether the cryptocurrency trading platform's XRP sales qualify as securities has been reignited. The regulator has questioned key aspects of the court's ruling, including the acquittal of Ripple executives and the distribution of XRP in non-cash form. The outcome of the case could have a significant impact on future cryptocurrency regulation.