Ripple Labs plans to file a cross-appeal in the US SEC case

Ripple Labs announced Thursday that the company will appeal an ongoing case against the U.S. Securities and Exchange Commission (SEC) as part of its efforts to maintain its legal defense while the SEC's appeal of the case is pending in the Court of Appeals. Earlier this month, the SEC filed a notice of appeal in its long-running case against Ripple, which the regulator first sued in December 2020. Chief Legal Officer Stuart Alderoty said Ripple's appeal is intended to ensure that the company preserves its views and arguments in the case, but he did not elaborate on what the company might argue in its motion. "We did this really to make sure that we leave nothing open, including the argument that there can be no investment contract without the fundamental rights and obligations in the contract," he said. (Coindesk)