SEC’s Ripple appeal doesn’t challenge XRP non-security status

The United States Securities and Exchange Commission’s latest appeal in its case against Ripple doesn’t challenge to the court’s ruling that XRP is not a security.

Also remember guys, this is not financial advice and I am not a financial advisor. This is just me expressing my opinion.

On Oct. 16, the SEC filed a Form C civil appeal with a pre-argument statement against certain aspects of the court’s summary judgment in favor of the defendants in its XRP rulings.

The appeal, shared by Ripple’s defense attorney James Filan on Oct. 17, asks the court to review its decisions regarding Ripple’s XRP sales on exchanges, as well as personal XRP sales by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.