The U.S. Securities and Exchange Commission (SEC) has chosen to appeal the ruling against Ripple Labs, potentially prolonging the legal battle until 2026. Ripple's Chief Legal Officer Stuart Alderoty expressed disappointment with the decision, calling it a continuation of "litigation warfare" by the agency.
Alderoty noted that the court had previously dismissed claims that Ripple acted recklessly and highlighted that there were no allegations of fraud, victims, or losses associated with the case.
Ripple CEO Brad Garlinghouse also criticized the SEC's decision, saying it has undermined the agency's reputation. Garlinghouse emphasized that, notwithstanding the SEC's appeal, XRP's position as a non-security remained unchanged.
He pointed out that the SEC had previously failed to file an interlocutory appeal, calling into doubt the case's strength.
The post "Breaking: SEC Appeals Judge Torres Ruling on XRP Classification, What Does this Mean for XRP?" first appeared on 36crypto.com News.
