After a judge delivered a mixed win for Ripple in its lawsuit against the U.S. Securities and Exchange Commission (SEC), the agency filed new documents late Friday in its lawsuit against Terraform Labs and its CEO Do Kwon, claiming the Ripple decision was flawed and could be appealed.

According to a new set of documents filed in the Terraform Labs case yesterday, the SEC is now hinting at appealing the Ripple rulings, in which a federal judge ruled that the company did not violate securities laws in offering its native token XRP to retail investors, but did break the law when it came to institutional investors. 

The SEC move comes in response to a filing earlier this week by Terraform’s lawyers, who said the Ripple rulings strengthen their defense and support their request that the lawsuit should be dismissed. 

At the cent

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Author: Pedro Solimano

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