XRP Remains Not a Security Despite SEC Appeal

The United States Securities and Exchange Commission (SEC) recently filed an appeal in its case against Ripple, but it did not challenge the court’s ruling that XRP is not a security. On October 16, the SEC submitted a Form C civil appeal with a pre-argument statement, contesting certain aspects of the court’s summary judgment in favor of Ripple regarding XRP. The appeal, shared by Ripple’s defense attorney James Filan on October 17, asks the court to revisit its decisions related to XRP sales on exchanges and the personal XRP sales by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. Court