Ripple Chief Legal Officer: XRP's legal status has not been shaken in the SEC appeal, and Form C will be submitted next week

Ripple Chief Legal Officer Stuart Alderoty recently said that the ruling confirming that XRP is not a retail sales security remains unchanged when the U.S. SEC formally appealed the Ripple case. He wrote on X: "This is not surprising at all - once again, everything is clear. The court's ruling that 'XRP is not a security' has not been appealed. This decision is the law of the land." In the appeal, the SEC questioned several important rulings, including the decision that Ripple executives Brad Garlinghouse and Chris Larsen's non-cash XRP distribution and sales did not violate securities laws. Ripple plans to file its own Form C next week as a cross-appeal against the institutional sales ruling. Both parties are preparing to extend the appeal process, which may affect the classification and regulation of digital assets in the future. (Bitcoin.com) Earlier news, the U.S. SEC has formally appealed the XRP ruling made by Judge Analisa Torres. On Thursday, the regulator filed Form C with the U.S. Court of Appeals for the Second Circuit.