The SEC has appealed Judge Torres’ ruling that $XRP is not a security, intensifying its legal battle with Ripple Labs. This comes as SEC Enforcement Director Gurbir Grewal plans to step down, potentially delaying the approval of an XRP-based ETF. Ripple CEO Brad Garlinghouse criticized the appeal, calling it damaging to the SEC’s credibility. The outcome of this ongoing case could significantly impact the future of $XRP and the wider crypto market.

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