🚨 Crypto News Flash! 🚨

Ripple Labs is gearing up for a cross-appeal in its ongoing legal battle with the SEC. This move aims to strengthen Ripple's legal defenses as the SEC continues its appeal against the July 2023 ruling that XRP is not a security when sold on exchanges.

- **Background**: The SEC sued Ripple in Dec 2020, claiming XRP was sold as an unregistered security.

- **Key Ruling**: In July 2023, a judge ruled XRP isn't a security on exchanges but is for institutional sales.

- **Next Steps**: Both parties will submit detailed legal briefs soon.

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