In a recent development, Ripple’s chief legal officer has revealed that the Securities and Exchange Commission (SEC) will be moving forward with its appeal of a judgment in the civil case against the company. This news comes despite the impending departure of SEC Chair Gary Gensler in just six days.

The ongoing legal battle between Ripple and the SEC has been a hot topic in the cryptocurrency world, with many eagerly awaiting the outcome. The case revolves around the SEC’s allegations that Ripple’s XRP token is a security and should have been registered with the commission. Ripple has vehemently denied these claims and has been fighting back against the SEC’s actions.

The latest update from Ripple’s chief legal officer, Stuart Alderoty, has shed some light on the situation. In a tweet, Alderoty stated that the SEC will be pursuing its appeal of the court’s decision to grant Ripple access to internal SEC documents regarding the classification of cryptocurrencies. This decision was seen as a major win for Ripple and has been touted as a potential game-changer in the case.

Despite the upcoming change in leadership at the SEC, it seems that the commission is determined to see this case through. This news has sparked mixed reactions from the cryptocurrency community, with some expressing disappointment and others seeing it as a sign of the SEC’s unwavering stance on regulating the industry.

The outcome of this legal battle could have significant implications for the cryptocurrency market as a whole. Many are hoping for a clear and definitive ruling on the classification of cryptocurrencies, which could provide much-needed clarity for investors and companies operating in the space.

As the case continues to unfold, all eyes will be on the SEC and Ripple as they navigate this complex and highly debated issue. Only time will tell how this legal battle will ultimately impact the future of cryptocurrencies and their regulation.