Ripple has filed a cross-appeal against the SEC's lawsuit, in response to the SEC's own appeal of a previous ruling that ordered Ripple to pay a $125 million civil penalty. Ripple CEO Brad Garlinghouse stated that the company is looking forward to ending the SEC's "regulation-by-enforcement" agenda. Ripple Chief Legal Officer Stuart Alderoty highlighted that the SEC lost on all key points in the previous ruling, and Ripple filed the cross-appeal to ensure nothing is left on the table. The SEC had previously stated that XRP itself is not a security, but Ripple expects the SEC to go after this issue again. Ripple is confident that the Federal Court of Appeals will put an end to the SEC's attack on the cryptocurrency industry.



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