Ripple Chief Legal Officer Stuart Alderoty shared positive news with the XRP community concerning the U.S. SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) filed appeal Form C, but chose not to appeal Judge Torres' summary judgment that classified XRP as a non-security.
This decision is seen as a favorable outcome for Ripple and its community, potentially impacting XRP's market perception and price positively. The news has sparked optimism about a potential price increase of XRP, possibly reaching $1.
The update was shared through an announcement, reflecting the community's constant interest in legal proceedings involving Ripple and the classification of XRP. This development marks a significant moment in the ongoing legal battle with the SEC.