<ul><li>Ripple has filed an appeal against a US District Court decision classifying its institutional XRP sales as securities transactions.</li><li>Ripple argues that the district court's ruling misconstrued fundamental aspects of securities law and could have general effects on the domain of digital assets.</li><li>The appeal challenges the application of the 'Howey Test' and questions the lack of regulatory certainty offered by the US Securities and Exchange Commission (SEC).</li><li>Ripple believes its XRP sales do not meet the legal definition of an 'investment contract' under the Securities Act of 1933.</li></ul>

Ripple Legal Battle Continues: Form C Appeal on XRP Sales

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