Cardano founder Charles Hoskinson suggests the 'Ripple Test' as a potential replacement for the Howey Test in determining securities.Ripple's Chief Legal Officer expresses disappointment with the SEC's appeal but remains ready to defend the company's position.The Ripple case could potentially reshape the legal framework for cryptocurrencies if the court upholds the current decision.The U.S. Court of Appeals for the Second Circuit will determine if the Ripple Test becomes a precedent in crypto asset classification.