Ripple Labs is escalating its legal battle against the SEC by filing a Form C cross-appeal in the US Court of Appeals for the Second Circuit. This move seeks to contest critical components of the SEC lawsuit, specifically addressing a previous ruling that categorized certain XRP transactions to institutional investors as securities.
The decision to challenge reflects Ripple's ongoing offensive strategy against the regulator, positioning itself against allegations that it considers unwarranted and potentially damaging to its operations and reputation in the cryptocurrency industry.
