The SEC has submitted a "Civil Appeal Pre-Argument Statement," also known as Form C, appealing Judge Analisa Torres' ruling on XRP.

While the SEC isn't contesting the ruling that XRP sales to retail investors aren't securities, it is instead focusing on other key aspects.

Following the SEC’s Form C appeal in the Ripple Case, Ripple is expected to file its own Form C in the next seven days, according to its chief legal officer Stuart Alderoty.

The SEC has filed new documents as it continues to seek a reversal of a prior judgment in favor of Ripple Labs.

The SEC has filed an appeal targeting Ripple's sales practices and executive involvement, while leaving XRP's non-security status intact.

Ripple chief legal officer Stuart Alderoty says the recent filing by the US Securities and Exchange Commission (SEC) in its case against Ripple Labs does not appeal the ruling that XRP is not a security.

The SEC has appealed parts of a favorable ruling for Ripple in the ongoing XRP case, potentially extending the legal battle until 2025