The SEC has released details of its intention to appeal the recent court decision in the Ripple XRP case.
Details of SEC's Appeal
The SEC filed Form C on October 16, but the court's document shows it was filed on October 17, raising questions about the filing timing and ethics.
It was filed on time.
Press and Expert Reactions
Fox Business journalist Eleanor Terrett noted that many are questioning whether the SEC missed the deadline. Former SEC lawyer Marc Fagel highlighted that such delays are typical in legal practice.
This is simply how litigation works.Marc Fagel
Ripple's Representative Comment
Ripple's CLO Stuart Alderoty emphasized that the court's ruling that 'XRP is not a security' is not being appealed.
The decision stands as the law.Stuart Alderoty
Questions about the exact filing timing remain, but the SEC has indicated documents will be publicly available soon.