Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security.
The United States Securities and Exchange Commission’s latest appeal in its case against Ripple doesn’t challenge to the court’s ruling that XRP is not a security.
On Oct. 16, the SEC filed a Form C civil appeal with a pre-argument statement against certain aspects of the court’s summary judgment in favor of the defendants in its XRP (XRP) rulings.
The appeal, shared by Ripple’s defense attorney James Filan on Oct. 17, asks the court to review its decisions regarding Ripple’s XRP sales on exchanges, as well as personal XRP sales by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.
