SEC bites back, to appeal federal court ruling in XRP case

In mid-July, a federal court settled a years-long battle between Ripple Labs and the SEC to decide if Ripple’s XRP token was a security or not. Southern District of New York judge Analisa Torres ruled that the XRP token is not a security when sold to the general public, but it could be treated as one with regard to past sales to institutional clients.
The regulator doesn’t seem to be happy with that partial victory: The SEC said in a court filing on Wednesday that it would file an “interlocutory appeal” for Torres’ ruling.
“Interlocutory review is warranted here,” the SEC sai

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