SEC Appeals Judge's XRP Ruling, Sparking Legal Debate

According to BlockBeats, on October 18, the U.S. Securities and Exchange Commission (SEC) officially appealed Judge Analisa Torres's ruling on XRP. On Thursday, the regulatory body submitted Form C to the U.S. Court of Appeals for the Second Circuit, reigniting the legal debate over whether the sale of XRP on cryptocurrency trading platforms meets the criteria for securities. The SEC has raised questions about key aspects of the court's decision, including the acquittal of Ripple executives and the distribution of XRP in non-cash forms. The outcome of this case could have significant implications for the future regulation of cryptocurrencies.