The US Securities and Exchange Commission appealed a court decision ordering Ripple Labs Inc. to pay a $125 million civil penalty for improperly selling its XRP token, a fraction of the $2 billion the regulator sought in a long legal battle with the cryptocurrency company.

The US Securities and Exchange Commission has finally appealed in Ripple’s case against earlier judgment from the United States Court of Appeals for the Second Circuit, a Wednesday filing revealed. Ripple, on the hand, is considering to file a counterclaim.

The SEC's recent appeal in the Ripple case puts the future of the XRP ETF and Ripple's market status in doubt.

XRP Tumbles on SEC Appeal Filing. On Wednesday, October 2, XRP tumbled 9.78%, following a 2.43% loss on Tuesday, closing at $0.5388. Significantly, XRP underperformed the broader

The US SEC has finally appealed in Ripple’s case against earlier judgment from the United States Court of Appeals for the Second Circuit.

Open interest in %Cryptocurrency XRP (CRYPTO: $XRP ) has surpassed $1 billion U.S. as Ripple Labs tests a new %Stablecoin (RLUSD). Open Interest refers to the number of outstanding derivative contracts not settled for an asset such as XRP.

Open interest in XRP has surged past $1 billion amid growing enthusiasm for Ripple's forthcoming RLUSD stablecoin, currently in private beta