US SEC submits appeal brief against Ripple

Sot SEC prepares appeal brief against Repool
The U.S. Securities and Exchange Commission announced that it has submitted a brief for appeal against Sosung, which is in progress against the Reful Foundation.
Decrypt, a virtual asset media outlet, has a press release on the 15th.
Accordingly, the U.S. Federal District Court ruled in July 2023 that the repool was not considered a security but rather an investment contract.
There has been a partial ruling in favor of the Riddle Foundation.
SEC Chairman Gary Gunsler’s brief for the SEC’s appeal states that the Ridol Foundation sold Ripple to individual investors.
It is reported that it contains information that it falls under the category of unregistered securities according to the law.