SEC Appeals Ripple Case, Legal Battle Resumes

The SEC has filed an appeal against Ripple, reigniting a legal battle over whether XRP is a security, which has resulted in XRP's price dropping over 10%. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have expressed frustration, labeling the SEC's actions as misguided and emphasizing their readiness to fight back in court. The appeal challenges a ruling that XRP's public sales do not constitute securities sales, while institutional sales do. Ripple is considering a cross-appeal to contest parts of the ruling, including a $125 million fine. Legal experts suggest that the appeal process could extend into 2026, with both parties expected to submit briefs to the Second Circuit Court of Appeals. Meanwhile, Ripple's legal strategies could potentially undermine the SEC's regulatory authority over the cryptocurrency market.