According to PANews, Ripple Labs announced that it will appeal the case of the U.S. Securities and Exchange Commission (SEC) as part of maintaining its legal defense.

Earlier this month, the SEC filed a notice of appeal, having initially sued Ripple in December 2020. Chief Legal Officer Stuart Alderoty said the appeal is intended to preserve Ripple's views and arguments.

Ripple's initial filing is just a notice, and more comprehensive arguments will be submitted in the future. Both parties will fill out forms in the coming weeks to describe their arguments. The SEC's briefing may be released at the end of January, and Ripple's briefing will be released after that.