In today's crypto news, Ripple has filed a Form C in the U.S. Court of Appeals for the Second Circuit, contesting a ruling from the SEC regarding its XRP institutional sales. Ripple’s appeal challenges the application of the Howey test used to classify its sales as securities transactions. Additionally, Microsoft shareholders will vote in December on whether the company should explore investing in Bitcoin, following claims that MicroStrategy’s Bitcoin investments have outperformed Microsoft significantly this year. Lastly, the Pennsylvania House of Representatives passed a pro-crypto bill aimed at establishing a regulatory framework for digital asset payments and self-custody, pending Senate approval and the Governor’s signature. The bill received strong bipartisan support, highlighting growing legislative interest in cryptocurrency regulation as industry executives hope for favorable changes post-elections.

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