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.

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

SEC has filed Form C to meet the deadline of its appeal following its Notice of Appeal in the case against Ripple.

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

The SEC appealed Ripple’s case but not about its security status. This should be bullish for the coin, and Ripple could win the appeal.

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