“As expected, the SEC’s appeal brief is a rehash of already failed arguments — and likely to be abandoned by the next administration,” Ripple chief legal officer Stuart Alderoty wrote on X.

XRP has once again hit a new milestone, breaking $3 for the first time in since 2018 even as the SEC filed an appeal in its case against Ripple.

The SEC has said it won't back off its Ripple lawsuit appeal until outgoing SEC Chair Gary Gensler leaves the agency on Monday.