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Ripple Labs has filed a notice of cross-appeal in its ongoing legal battle with the US Securities and Exchange Commission (SEC). The filing, submitted to the US Court of Appeals for the Second Circuit, is Ripple’s bid to challenge certain aspects of the Aug. 7 final judgment.

Ripple Labs moved to file a cross-appeal in its years-long legal battle with the U.S. Securities and Exchange Commission over XRP sales.

The SEC has appealed a court ruling favoring Ripple Labs in their ongoing legal battle over XRP's status as a security, causing the cryptocurrency's price to drop while Ripple vows to continue fighting and considers a cross-appeal.

The US Securities and Exchange Commission appealed a court decision ordering Ripple Labs Inc. to pay a $125 million civil penalty for improperly selling its XRP token, a fraction of the $2 billion the regulator sought in a long legal battle with the cryptocurrency company.

Ripple has filed a cross-appeal against the SEC’s decision to appeal the initial ruling in its favor. The SEC’s appeal seeks to overturn the ruling

Ripple announced on October 10 that it would file a cross-appeal with the U.S. Court of Appeals for the U.S. SEC vs. Ripple lawsuit. The decision came after the U.S. Securities and Exchange Commission filed a notice for appeal to Judge Torres’s final judgment in August of this year.