Ripple Hits Back at SEC with Cross-Appeal
2024-10-10

San Francisco-based enterprise blockchain company Ripple has filed a cross-appeal of the court's final judgment. 
As reported by U.Today, Ripple was ordered to pay a $125 million fine by Judge Analisa Torres in August. 
The SEC filed its own notice of appeal in the Ripple case earlier this month. 
For now, however, it is not clear what exactly the regulator is going to appeal. Many have speculated that the SEC might target the July 2023 ruling, which recognized secondary XRP sales as non-securities. 
The specifics of the SEC's appeal and Ripple's cross-appeal will become known once the two companies file their respective opening briefs. 
The XRP price is currently changing hands at $0.54, according to CoinGecko data. 