🏛️ The U.S. SEC has expressed its intention to appeal a recent ruling in favor of Ripple. The decision in question was related to Judge Torres' summary judgment that XRP, when sold on exchanges last month, wasn't a security. In their argument, the SEC referenced another case involving Terraform Labs, pointing out that the precedent set by Judge Torres was not applied. If their interlocutory appeal succeeds, the SEC believes that further trials would be unnecessary. They've asked Ripple to respond by August 16th. This move by the SEC was anticipated, according to James Filan, a former U.S. prosecutor and current attorney. ⚖️🔗 #SEC #Ripple #XRP.