Ripple Opposes SEC Appeal of Ruling That Crypto Isn't Security – Bloomberg Law

Ripple Labs objected to the Securities and Exchange Commission’s request to appeal a federal judge’s ruling that cryptocurrency wasn’t a security when sold to the public.

Ripple on Friday asked US District Judge Analisa Torres in New York to deny the SEC’s request. The company said the agency is “rushing to appeal” what it claims is a legal question that applies to every case involving digital assets while “the factual and legal procedural postures of other SEC enforcement actions are different.”

The SEC needs Torres’s permission to appeal her ruling because it wasn’t a final judgment. The regulator is also …