Ripple's top lawyer claims that the appeals process is just "background noise"
The company is appealing whether an investment contract can be actually classified as a legal contract. Attorney Jeremy Hogan, who has gained a significant following within the XRP community, has commented that Ripple winning on this issue would rather benefit the broader industry instead of the company itself. As noted by Hogan, Ripple's XRP sales were the subject of an actual contract.
As expected, Ripple is going to reargue the basics of the Howey test, a legal framework that has been used for decades in order to determine whether or not certain transactions can be classified as an investment contract. Solana Could Be Ready for $200, Third Dogecoin Price Drive to Cause 30% Surge? Has New Ethereum Bull Run Just Formed?Ripple will also target the injunction issued as part of the August final judgment that bars the company from selling unregistered securities in the future.
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