Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) reached a critical moment in August when Judge Analisa Torres ruled that XRP sales on secondary markets to retail investors do not classify as securities transactions. However, Ripple was ordered to pay a $125 million fine for other violations. While the SEC initially sought $2 billion, Ripple's CEO labeled the ruling a victory.
In response, the SEC appealed the 2023 ruling, triggering uncertainty and a price dip for XRP. Ripple’s Chief Legal Officer, Stuart Alderoty, revealed that the company filed a cross-