<ul><li>The SEC has a deadline of October 7 to appeal the ruling that XRP secondary sales are non-securities.</li><li>The ruling set a legal precedent shaping the strategies used by entities sued by the SEC, such as Binance.</li><li>It is likely that the SEC will appeal in an attempt to exert control over the cryptocurrency industry.</li><li>US Congress criticizes SEC Chair Gary Gensler's understanding of tokenization and application of the Howey test.</li></ul>

XRP Lawsuit: SEC Nears Ripple Appeal Deadline as Congress Pressures Gensler for Crypto Laws

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