
SEC Seeks Appeal After Ripple Court Ruling
The U.S. Securities and Exchange Commission (SEC) has taken another step in the ongoing legal battle against Ripple Labs. Last Friday, the SEC filed a request with the Southern District of New York, urging the court to reconsider its previous ruling on the agency’s lawsuit against Ripple. The SEC’s filing emphasizes the intricate legal issues surrounding the case, referring to them as “knotty legal problems.” This move comes after a summary judgment in July by Judge Analisa Torres, which determined that Ripple’s sales of its digital asset, XRP, to institutional investors violated securities laws. However, sales of XRP on public