Today, Ripple is filing its Form C to appeal the SEC's ruling in the Second Circuit, specifically challenging the district court’s decision that its institutional sales of XRP were unregistered securities. In a recent interview, CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty expressed strong confidence in winning the appeal, emphasizing the Second Circuit's historical skepticism towards the SEC and regulatory overreach. Alderoty noted that the chances of reversing a loss in this court are low, and he believes the ruling will not only uphold Judge Torres' decision but may also strengthen it. Garlinghouse is equally optimistic, asserting that a favorable outcome would significantly undermine SEC Chair Gary Gensler's regulatory agenda. Source: coincu
