The SEC has filed an appeal against the decision made by Judge Torres in July 2023, which sided with Ripple by determining that XRP is not classified as a security in the context of programmatic sales. This appeal is causing confusion as it interjects another layer of legal complexity into the ongoing case.
Ripple enthusiasts and watchers are curious whether Ripple and the SEC might find a resolution during the 14-day appeal period. This period is critical as it could either cement or challenge previous rulings, potentially impacting Ripple's operations and the broader cryptocurrency market.
