<ul><li>The US Securities and Exchange Commission (SEC) has filed an appeal against Ripple, challenging a court ruling regarding programmatic sales of XRP.</li><li>XRP's price has dropped to US$0.52, reflecting a 2.23% decrease over the past day and a 10.90% decline in the past week.</li><li>Attorney Jeremy Hogan criticizes the SEC's appeal, calling it a 'big mistake' and suggesting that it may only result in a larger financial settlement from Ripple without protecting investors.</li><li>Ripple could challenge the SEC's jurisdiction by raising the 'Blue Sky' law issue, potentially weakening the SEC's claim that XRP is a security under federal law.</li></ul>

Popular Lawyer Weighs in on SEC vs Ripple Appeal, Says No Appeal Over XRP Status

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