The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. continues to see new developments. Despite widespread speculation that the SEC missed the deadline to file a Form C to appeal, a spokesperson for the regulator has confirmed that the SEC has filed an appeal.

Fox Business reporter Eleanor Terrett provided an update, citing an SEC spokesperson as saying, “The appeal is proceeding normally, and the documents will be made public shortly.” Ripple Labs CEO Brad Garlinghouse responded to the SEC spokesperson’s statement. In a post on X, Garlinghouse expressed some surprise that the regulator claimed the appeal was “progressing normally.” “Normal course for an agency that makes its own rules as it goes along!” Garlinghouse said.#Xrp🔥🔥 #RippleEscrow #RippleUpdateV