Ripple has filed a cross-appeal to the ongoing case against the U.S Securities and Exchange Commission (SEC). The company intends to make sure that all legal issues in the case are captured. This action came after the SEC issued a notice of appeal early this month.The cross-appeal was filed by Ripple Labs and its CEO Brad Garlinghouse and the Executive Chairman, Christine Larsen. The U.S. <a href="https://cryptotale.org/will-continue-the-battle-till-the-end-ripple-ceo-to-sec/" rel="noopener noreferrer nofollow">SEC’s appeal</a> challenges a ruling made by Judge Analisa Torres in August, which determined that Ripple’s XRP token in secondary markets were not securities.<h2 id="header-0">Ripple Challenges Key Points in SEC Appeal</h2>In December 2020, the US Security and Exchange Commission filed a lawsuit against Ripple for selling unregistered securities. Since then, the case has become central in the cryptocurrency niche. In August 2023, Judge Torres ruled that the offering of XRP sales by Ripple to other markets did not violate the U.S. securities laws. However, Ripple was found liable to pay a $125 million civil penalty for sales to institutional customers. This was significantly more than the $10 million Ripple suggested but much less than $2 billion as proposed by the SEC.Ripple for its part decided to file a cross appeal after the SEC filed a notice of appeal in October. Ripple’s Chief Legal Officer, Stuart Alderoty said that cross appeal will help so that no pertinent issues are missed again, especially the definition of an ‘investment contract’. Ripple remains to disapprove of the SEC’s appeal and continues to fight the commission on their claim of XRP as a securities offering.<a href="https://cryptotale.org/ripple-files-cross-appeal-in-sec-lawsuit-over-xrp-token-sale/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ripple Files Cross-Appeal in SEC Lawsuit Over XRP Token Sale

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