Ripple has officially escalated its legal battle against the U.S. Securities and Exchange Commission (SEC) by filing a cross-appeal with the United States Court of Appeals for the Second Circuit. This bold move is aimed at challenging the SEC’s ongoing efforts, following their appeal earlier this month.

đŸ’„ Ripple Fires Back in the SEC Case! đŸ’„

Ripple’s top legal mind, Stuart Alderoty, revealed today that the San Francisco-based fintech giant has filed a cross-appeal to ensure no loose ends remain. Specifically, Ripple is pushing back against the SEC’s argument that an "investment contract" can exist without the key elements of rights and obligations found in a traditional contract.

Alderoty also highlighted that the SEC had previously admitted it wouldn’t contest the ruling that XRP itself is not a security. The agency even had to backtrack and apologize for suggesting that a token alone could be classified as a security. Importantly, this ongoing appeal won’t alter XRP’s non-security status.

⚖ SEC’s Losing Streak Continues ⚖

Last year, the SEC tried—and failed—to lodge an interlocutory appeal mid-case regarding Ripple’s XRP sales and other token distributions. Ripple's Chief Legal Officer is confident that the SEC will target these areas again, but they are bound to lose once more.

“We’re ready for the federal court of appeals to finally put an end to Gensler’s misguided attack on our industry,” Alderoty said.

In a dramatic twist, Ripple was ordered to pay $125 million in fines for unregistered institutional XRP sales, far below the SEC’s eye-watering $2 billion demand. The court also ruled that XRP sold on secondary markets does not qualify as a security—a massive win for Ripple and the entire crypto space!

đŸ”„ “Sealing SEC’s Fate” – Brad Garlinghouse Speaks Out đŸ”„

Ripple’s CEO Brad Garlinghouse didn't hold back on X (formerly Twitter), emphasizing that the SEC and its chairman, Gary Gensler, are more focused on creating chaos than bringing regulatory clarity. “If they cared about the law, they’d accept their crushing defeat and move on,” Garlinghouse stated.

He added, “We’re eager to seal the SEC’s fate and bring an end to their damaging regulation-by-enforcement strategy. Ripple has been leading the charge in this battle, and we’re prepared to win the next round as well!”

By the way.. 💾🎁👇

EARN 20$ INSTANTLY WITH BINANCE! đŸ’„

Would you like to earn 20$ bonus in just a few steps?

🎉 If you have never traded futures before, this is your chance!

Those who activate their futures for the first time and send funds from a spot wallet will get the bonus instantly! 🚀

👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇

🔗 Click to activate futures transactions now!

#Ripple #XRP #SEC #CryptoNews #BradGarlinghouse #XRPCommunity #CryptoRegulation #Gensler #Blockchain #CryptoLaw