<ul><li>Attorney James Murphy discusses the SEC's appeal in the XRP lawsuit between Ripple Labs and the SEC.</li><li>The SEC is likely to focus on disputing the determination that transactions of XRP on secondary markets were not investment contracts.</li><li>The SEC may challenge the decision to award zero disgorgement and the $125 million civil penalty.</li><li>There is a possibility of Ripple cross-appealing regarding the classification of institutional sales as investment contracts.</li></ul>

Pro-XRP Lawyer Breaks Down Ripple’s Next Steps In SEC Appeal

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