The U.S. Securities and Exchange Commission (SEC) has announced that it will appeal a federal judge’s decision in the Ripple case. In July 2023, Judge Analisa Torres ruled that Ripple’s institutional sales of XRP violated federal securities laws, but that programmatic sales to retail exchanges did not. The SEC has filed an appeal to challenge that decision. Ripple’s Chief Legal Officer Stuart Alderoty said the appeal process will be difficult. 💼🔍

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