SEC

The SEC’s appeal targets Ripple’s sales practices and executive involvement, while XRP’s non-security status remains intact, prolonging the legal case.

The SEC charged Cumberland for acting as an unregistered dealer in crypto transactions exceeding $2 billion, involving assets like POL, SOL, and FIL since 2018.

Ripple fights SEC’s appeal, defending XRP’s non-security status after a court ruling declared retail XRP sales were not illegal under securities laws.