The U.S. Securities and Exchange Commission (SEC) is appealing an earlier decision by the U.S. Court of Appeals for the Second Circuit regarding Web3 payments company Ripple, according to a filing on Wednesday. "We believe the district court's decision in Ripple conflicts with decades of Supreme Court precedent and securities law, and we look forward to presenting our case before the Second Circuit." An SEC spokesman said. Earlier, a judge ordered Ripple on Aug. 7 to pay a civil penalty of $125 million, well below the $2 billion the SEC had originally requested.