Ripple To File Civil Appeal Document In SEC Case

According to Odaily, Fox Business reporter Eleanor Terrett announced on the X platform that Ripple will submit its civil appeal document today. This document will outline the main arguments Ripple intends to present in the Second Circuit Court regarding its case with the U.S. Securities and Exchange Commission (SEC). Given that the SEC has recently appealed nearly all aspects of its loss at the district court level, Ripple is expected to appeal only the single issue it lost: the district court's ruling that the institutional sales of XRP tokens constituted unregistered securities sales.