Ripple has filed a cross-appeal on the judge’s decision on the case with the SEC, garnering further attention from the crypto community.

Judge's Decision on XRP Status

On August 7, 2024, Judge Torres ruled that XRP sales were not securities. The SEC seeks to overturn this decision, but Ripple resists their attempt to influence the judge's opinion.

Ripple's Arguments in the Cross-Appeal

On October 10, 2024, Ripple filed documents attesting to a cross-appeal. Ripple's lead attorney, Stuart Alderoty, noted that the appeal addresses key points about the nature of 'investment contracts'. Ripple aims to clarify that XRP transactions lacking formal agreements should not be categorized as investment contracts.

Future of Ripple and SEC Litigation

The case will be heard by the United States Court of Appeals, which will also consider Ripple's cross-appeal. Ripple is confident in its position and anticipates a favorable court ruling. This battle could be a significant milestone in the history of XRP and its classification.

The ongoing legal dispute between Ripple and the SEC draws attention from both experts and the public. Further developments are expected in the United States Court of Appeals.