The SEC has filed a new appeal in its ongoing case against Ripple, challenging a crucial ruling on XRP's status. Discover what this means for the cryptocurrency.

Ripple chief legal officer Stuart Alderoty says the recent filing by the US Securities and Exchange Commission (SEC) in its case against Ripple Labs does not appeal the ruling that XRP is not a security.

While the SEC isn't contesting the ruling that XRP sales to retail investors aren't securities, it is instead focusing on other key aspects.

The United States Securities and Exchange Commission’s latest appeal in its case against Ripple doesn’t pose a challenge to the court’s ruling that XRP is not a security. On Oct. 16, the SEC filed a Form C civil appeal with a pre-argument statement against certain aspects of the court’s summary judgment in favor of the defendants in its XRP (XRP)

The SEC has filed new documents as it continues to seek a reversal of a prior judgment in favor of Ripple Labs.

The SEC has submitted a "Civil Appeal Pre-Argument Statement," also known as Form C, appealing Judge Analisa Torres' ruling on XRP.

The $XRP Army is on fire after the SEC formally filed a Form C in its bid to overturn a 2023 ruling in its lawsuit against Ripple, the world's largest holder of the $XRP token.