SEC Appeals Ripple Ruling, XRP's Security Status Remains in Question

The U.S. Securities and Exchange Commission (SEC) has acknowledged that the assets in its case against Ripple and Terraform Labs may not be securities, but it plans to appeal the judge's ruling in the Ripple case due to potential implications for other litigations. The SEC is seeking an interlocutory appeal and a stay of remedies and pretrial proceedings. The XRP community has focused on the SEC's admission, but it has not affected XRP's price performance, which is currently trading at $0.50.