SEC Appeals $125 Million Judgment in Ripple Labs XRP Lawsuit, Setting Stage for Legal Showdown

The United States Securities and Exchange Commission has filed an appeal of a major legal ruling in favor of Ripple Labs, further escalating an ongoing, closely watched legal battle between the two sides. On October 2, 2024, the SEC finally filed an appeal against the $125 million judgment issued earlier in favor of Ripple Labs, adding another chapter to the high-profile dispute over the classification and regulation of the XRP cryptocurrency.

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