The U.S. SEC officially appeals the ruling in the Ripple case

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling made by Judge Analisa Torres. On Thursday, the regulatory agency submitted Form C to the U.S. Court of Appeals for the Second Circuit. This has reignited the legal dispute over whether the sale of XRP on cryptocurrency trading platforms meets the criteria for securities. The regulatory agency has raised questions about key aspects of the court's ruling, 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 future cryptocurrency regulation.