In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect, while disclosing that it has already decided and is currently moving in to post an appeal. There has been some intertwining contexts with latest legal fracas with the US Securities and Exchange Commission (SEC), which involves Terraform Labs and its co-founder, Do Kwon. Notably, the SEC's recent motion against Terraform Labs has revived discussions around the landmark Ripple Labs case, signaling a possible appeal on the horizon.