The SEC has officially filed an appeal against the July 2023 ruling by U.S. District Judge Analisa Torres, which determined that XRP's programmatic sales did not violate securities laws. 🔥
In the court document filed on Oct. 2nd, the SEC wrote, “We respectfully appeal to the United States Court of Appeals for the Second Circuit.” This marks the continuation of the years-long legal battle between Ripple and the regulator. ⚖️
With the appeal deadline set for Oct. 7th, the decision to move forward signals the SEC’s strong belief that the ruling was flawed. A former SEC attorney even revealed, “Everyone over there truly believes that Judge Torres’s decision is wrong, and it should be appealed.” 👀
The fight isn’t over yet! Stay tuned as this high-stakes case continues to unfold. 📊
