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SEC goes after Ripple execs in latest appeal of securities sales lawsuit

  • The United States Securities and Exchange Commission (SEC) has filed an appeal against Ripple Labs.
  • The appeal specifically targets aspects of the summary judgment that were favorable to Ripple.
  • The SEC is not appealing the decision that XRP itself is not a security.
  • However, the SEC disagrees with the decision regarding Ripple's non-cash XRP distributions violating the Securities Act of 1933.

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