The U.S. Securities and Exchange Commission (SEC) filed an appeal in the Ripple case on Oct. 2. It aims to overturn Judge Analisa Torres’ 2023 ruling.

Torres had determined that secondary sales of Ripple’s XRP were not securities sales. However, early sales by Ripple founders to institutional investors were considered securities.

On the same day, it was announced that SEC chief enforcer Gubir Grewal would step down on Oct. 11. Sanjay Wadhwa was appointed as his interim replacement.

Meanwhile, Bitwise has filed for an XRP ETF trust in Delaware. However, SEC approval may be delayed due to the appeals process.