Ripple's CCO shares positive news for XRP community.

Ripple’s Chief Legal Officer, Stuart Alderotti, has delivered some big news for the XRP community. The U.S. Securities and Exchange Commission (SEC) has decided not to appeal Judge Torres’ summary judgment declaring XRP not a security in the Ripple Labs case. This development has created a positive atmosphere within the XRP community, leading to hopes that XRP will hit $1. SEC Issues Appeals in Ripple Case The SEC has appealed the summary judgment on Ripple’s sales of XRP through crypto exchanges and the actions of its executives. It specifically focuses on sales made by Ripple CEO Brad Garlinghouse and Chairman Chris Larsen. The SEC is requesting a review of these cases. Notably, the agency has not appealed the $125 million fine, and it was revealed that the government has not appealed the repayment order that is still pending. This strategic move by the SEC has surprised some experts. Attorneys Fred Rispoli and Mark Fagel emphasized that the SEC is particularly focused on XRP software sales. This situation caused a temporary drop in the community price. Strong message from Ripple’s CLO. Stuart Aldroti announced that Ripple will respond to the SEC filing. Aldroti stated that it is now clear that XRP is not a security.The community has been asked to patiently follow these developments, which have become a source of sentiment for the XRP community. The SEC’s decision not to resume XRP’s security status has sparked optimism in the market. Analyst Egrag Crypto has predicted that the price of XRP could rise to $1.50 in the near term. Currently, XRP is trading at $0.55, despite an 11% drop in trading volume in the last 24 hours. However, buying continues in XRP futures, with open interest in XRP futures increasing by more than 2%, to $770 million.