Ripple Labs has filed an opposition to the US Securities and Exchange Commission’s (SEC) planned appeal regarding the classification of XRP tokens as securities. The SEC had requested permission to appeal the verdict that stated XRP trading on secondary platforms is not classified as securities. Ripple argues that the SEC should wait for the final ruling before seeking an appeal and cannot show evidence for a difference of opinion at this time. Legal experts have been discussing the potential outcome of the case, which has been ongoing for nearly three years.
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