SEC has filed an appeal against a US federal judge's decision in its partially unsuccessful case against enterprise blockchain firm Ripple Labs.

The SEC appeals a court ruling on XRP classification, challenging its non-security status in sales, and argues Ripple's contract violations.

The SEC asserts that labor and services received in exchange for XRP satisfy the “investment of money” criterion outlined in the Howey framework. Ripple’s legal team has consistently rejected the SEC’s claims, maintaining that XRP is a digital currency, not a security.