The U.S. Securities and Exchange Commission (SEC) has announced it will appeal a federal judge's ruling in a case against Ripple.

- The SEC filed a "notice of appeal" with the Second Circuit Court of Appeals.

- Judge Analisa Torres previously ruled that Ripple violated securities laws in its institutional sales of XRP, but not in its retail sales.

- Ripple was fined $125 million, well short of the $2 billion the SEC was seeking.

- The SEC argues that the ruling is contrary to Supreme Court precedent and securities laws.