Ana Sayfa Genel SEC to seek interlocutory appeal in Ripple Case

SEC to seek interlocutory appeal in Ripple Case

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SEC to seek interlocutory appeal in Ripple Case

The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’s July 13th summary judgment in its ongoing legal battle against Ripple Labs.In the August 9 filing to the Southern District Court of New York, the securities regulator explained a they believe Judge Torre’s decision warrants a fresh look by an appellate court:“Interlocutory review is warranted here. These two issues involve controlling questions of law on which there is substantial ground for differences of opinion as reflected by an intra-district split that has already developed,” the SEC said.The SEC added that a “timely appellate review’ is warranted given the number of actions currently pending that may be affected by how the Court of Appeals resolves the issues at hand.The filing comes nearly a month after Ripple scored a partial victory over the regulator over the legal classification of XRP.This is a developing story, and further information will be added as it becomes available.

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