<ul><li>Ripple Labs has filed a Form C cross-appeal challenging the SEC lawsuit in the US Court of Appeals for the Second Circuit.</li><li>The cross-appeal contests the classification of certain XRP transactions as securities and responds to the SEC's appeal questioning a favorable district court ruling for Ripple.</li><li>Ripple seeks a de novo review to determine if its transfers of XRP qualify as securities under the Howey test and aims to overturn the $125 million civil penalty.</li><li>The outcome of the cross-appeal could set a precedent for future cases and impact the SEC's crackdown on the cryptocurrency industry.</li></ul>

Ripple Vs. SEC: Latest Filing Puts Regulator In Hot Seat With Crypto Firm On The Offensive

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