The SEC has filed an appeal against U.S. District Judge Analisa Torres's ruling in its lawsuit against Ripple Labs, seeking to challenge the court's decision that only Ripple's institutional sales of XRP violated securities laws, while programmatic sales to retail investors did not. This ruling, considered a partial victory for Ripple and the broader crypto industry, is now being contested by the SEC, which argues that the decision conflicts with established securities laws and Supreme Court precedents. Following the news of the appeal, XRP's price dropped. Source: Decrypt
