The Securities and Exchange Commission (SEC) will file a motion in court from August 18 to September 1 to develop its argument that XRP is a security. The appeal will focus on the judge’s decision regarding Ripple’s sales and offerings of XRP tokens. Ripple’s CEO and Chief Learning Officer have publicly opposed the SEC’s appeal, stating that the judge’s ruling on July 13 refutes any claims of XRP being a security. The SEC argues that an interlocutory review is necessary for better clarification by higher judicial authorities.
AI Sentiment: Negative
