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SEC’s New ...
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SEC’s New Appeal: What It Means for Ripple and XRP

  • The SEC is appealing the 2023 ruling, focusing on Ripple’s sales practices and executive involvement, not XRP’s classification as a security.
  • Ripple’s Chief Legal Officer clarified that the appeal does not directly challenge the 'not security' ruling.
  • Ripple’s cross-appeal and the SEC’s remand request mean the case’s resolution is unlikely before 2025.
  • XRP market showed positive response to the news, with a 4% increase in value during the peak.

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