The SEC has filed its opening brief in its appeal against Ripple's legal victory. The SEC argued that the New York District Court was wrong to declare Ripple's programmatic sales on digital exchanges as not securities and disputed the court's decision regarding Ripple's XRP-related non-cash transactions. The SEC claimed that Judge Torres erred in ruling that Ripple did not violate federal securities laws and that retail investors expected profit based on Ripple's efforts. The SEC also criticized the court's decision on Ripple's other XRP distributions. Top legal experts have reacted to the appeal, with some suggesting that it may be dismissed. Meanwhile, XRP continues to rise in value, surpassing $3 for the first time since 2018.



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