The U.S. Securities and Exchange Commission (SEC) has decided to appeal a court ruling in its case against Ripple Labs regarding the classification of XRP as a security. Ripple’s Chief Legal Officer, Stuart Alderoty, expressed disappointment over the SEC's move and mentioned that Ripple is considering a cross-appeal on Judge Torres’ ruling on institutional sales or the $125 million penalty. The case is set to be reviewed by the Second Circuit Court of Appeals, which some argue lacks jurisdiction over digital asset law. Ripple executives, including CEO Brad Garlinghouse, have criticized the SEC's decision, calling it a waste of taxpayer money and a losing battle. The appeal has sparked discussions about the need for clearer regulations in the cryptocurrency space, with some calling for congressional oversight of the SEC's actions.