Ripple Submits SEC Appeal Over Institutional Sales

Ripple Labs has submitted a Form C in the United States Court of Appeals for the Second Circuit, challenging a recent ruling by the US Securities and Exchange Commission (SEC). The company announced the appeal on Oct. 25, with Ripple’s chief legal officer, Stuart Alderoty, confirming the filing via an X post. He emphasized that “the SEC can’t submit new evidence or ask [Ripple] to produce more.” This appeal comes after an August ruling by the US District Court for the Southern District of New York, which fined Ripple $125 million for its institutional sales of XRP, determining that these