Ripple Labs has filed a Form C document, a pre-trial brief for a civil appeal, in its ongoing legal dispute with the U.S. SEC. In the document, Ripple asked the appellate court to re-examine the legal application issues with a "de novo" standard. The main appeal focuses include the Southern District Court of New York's ruling on the application of the Howey test to Ripple's XRP transfers and the SEC's unfair notification of Ripple's behavior.
Ripple also seeks to re-evaluate the "essential elements" of the transaction being classified as an investment contract and the scope of the SEC's injunction against Ripple.
Ripple's chief legal officer said XRP has been clarified as a non-security and the SEC has not challenged it. (The Block)