The U.S. Securities and Exchange Commission (SEC) has made a last-minute appeal in the ongoing legal battle with Ripple Labs. This development is significant, as the SEC is choosing not to contest the court's decision that XRP sales to retail investors do not qualify as securities. Instead, the focus of their appeal is on other key aspects of the case that remain contentious.
This strategic legal maneuver by the SEC has led to widespread outrage within the XRP community. Known for being highly supportive and vocal, the "XRP Army" views this appeal as a direct threat to the cryptocurrency’s legitimacy and their investments. The appeal serves to underscore the complexities and ongoing nature of regulatory actions involving cryptocurrencies.
