The US Securities and Exchange Commission (SEC) is seeking permission to appeal a ruling that XRP is not a security. The agency hopes to rectify the embarrassment caused by the previous ruling and the potential impact it could have on other crypto lawsuits. The SEC has been in a legal battle with Ripple since December 2020, aiming to remove the cryptocurrency from exchanges. A new trial is expected to begin in the second quarter of 2024.
AI Sentiment: Negative
