Eleanor Terrett (@EleanorTerrett): 🚨NEW: @Ripple has filed its Form C, hitting on 4 issues including whether an investment contract under the Securities Act must have an explicit contra…

🚨NEW: @Ripple has filed its Form C, hitting on 4 issues including whether an investment contract under the Securities Act must have an explicit contract including post sale obligations and right to profits; institutional sales of $XRP, fair notice defense and clarity on the injunction. Next up, the court will issue a scheduling order for all briefings and consolidate all filings including the ones from the District Court under 24-2648 as the lead case. Quote [@s_alderoty](https://www.twitter.com/s_alderoty/status/1849618428560064679) > Today, Ripple filed a Form C - listing the issues we plan to raise on our cross appeal. A few things to keep in mind as we move forward: > > The case is not about whether XRP, in and of itself, is a security. XRP is uniquely situated as having clarity (alongside BTC) in not being classified as a security. The SEC is not challenging that ruling which stands as the law of the land. > > The Appeals Court reviews the record that has already been set…and we have a great record. The SEC can’t submit new evidence or ask us to produce more. (Meaning, there won’t be all the drama we had in the litigation when we fought over documents.) > > As we go through this process, please remember the SEC’s broader strategy: try to create distraction and confusion for Ripple and the industry. But honestly, it’s just background noise now. The hard part of the fight is behind us. Ripple’s business is growing and getting stronger every day even as this appeal process plays out.