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Ripple resolute as SEC does not appeal verdict XRP is not a security, focuses on exchange sales

  • The US Securities and Exchange Commission (SEC) does not appeal the verdict that XRP is not a security.
  • The SEC focuses on appealing Ripple's programmatic sales of XRP and its distribution to employees and other parties.
  • The SEC intends to challenge Ripple executives Brad Garlinghouse and Chris Larsen for allegedly aiding and abetting XRP sales.
  • The SEC's appeal does not mention the monetary penalty or denial of disgorgement imposed by the court.

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