Ripple plans to file a cross-appeal against the SEC as part of its ongoing legal battle, which began with the SEC's lawsuit in December 2020. The cross-appeal is intended to preserve Ripple's legal arguments following the SEC's recent appeal regarding a ruling that determined some XRP sales did not violate federal securities laws. Chief Legal Officer Stuart Alderoty stated that Ripple aims to ensure all points are addressed, including the notion that an investment contract requires essential rights and obligations. The cross-appeal is currently a notice, with detailed arguments expected to follow, as both parties prepare to submit high-level descriptions of their positions. Source: Coindesk
