Ripple Labs has moved to challenge the SEC in the US Court of Appeals for the Second Circuit, filing a Form C cross-appeal to contest key aspects of the SEC lawsuit. This filing not only contests a previous ruling that classified certain XRP transactions to institutional investors as securities but also responds directly to the SEC’s October 16 appeal that questioned a favorable district court ruling for Ripple earlier this year.

Ripple’s Legal Rebuttal Through Form C Filing

Ripple’s filing of a Form C cross-appeal has sparked interest within both the legal and cryptocurrency communities, with Ripple Chief Legal Officer Stuart Alderoty confirming the move in a post on X. According to him, the lawsuit will not come with…