​​The SEC is preparing to file an appeal in the Ripple case

In a lawsuit against Terraform Labs, the US Securities and Exchange Commission (SEC) asked the court to ignore parts of the recent Ripple decision because it does not comply with existing securities laws and violates the principles of the Howey test

In its statement, the SEC also made it clear that it is preparing to appeal the Ripple case.

Previously, Lawyers for Terraform Labs and Do Kwon used the Ripple decision as a motion to dismiss the lawsuit from the SEC