The US Securities and Exchange Commission (SEC) plans to challenge a federal judge’s ruling that certain XRP token offerings and sales did not violate securities laws. The agency wants to preserve its power in regulating the crypto industry. Legal experts believe that if the SEC’s appeal is successful, it could expand the categories of XRP sales constituting securities violations and increase the potential liability of Ripple executives. The SEC also intends to seek remedies from Ripple on the alleged $3 billion in net XRP sales. Ripple must respond to the SEC’s letter by August 16, and the SEC hopes to file its appeal opening brief two days later.
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