The SEC has filed an appeal in the Ripple lawsuit.

Since the SEC has appealed the ruling that sales of XRP on secondary exchanges are not securities, Ripple's Chief Legal Officer, Stuart Alderoty, stated that Ripple is considering filing a cross-appeal.

This means Ripple may choose to appeal Judge Torres’ ruling that sales of XRP to institutions are investment contracts, or the $125 million penalty.

Both appeals will be combined into one case in the Court of Appeals. If Ripple decides to file a cross-appeal, they have 14 days to do so, and the time starts tomorrow.

In summary, both the SEC and Ripple have chosen to continue the fight.