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SEC Files Form C In Ripple Lawsuit: Here’s What They Appeal

  • The US Securities and Exchange Commission (SEC) has filed Form C in its appeal against Ripple Labs.
  • The appeal focuses on specific aspects of the summary judgment favorable to Ripple, including XRP sales through exchanges, distribution of XRP, and sales of XRP by Ripple's executives.
  • The SEC does not appeal the ruling that XRP itself is not a security and the remedies and disgorgement ruling.
  • There is procedural ambiguity surrounding the timing of the SEC's filing, and missing the deadline could have consequences for the appeal.

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