Amid the SEC vs Ripple case, the United States Securities and Exchange Commission (SEC) has filed an interlocutory appeal on XRP’s security status and has made an inquiry from the US District Court in the Southern District of New York (SDNY) to certify its appeal against Ripple Labs.
This significant step in the SEC vs Ripple case originated due to a federal judge’s ruling that said on XRP sales conducted through exchanges did not breach securities law.
The judge in charge of the SEC vs Ripple case, Judge Torres Analisa then said the agency could proceed to file a motion for leave for an interlocutory appeal, this prompted the SEC to request for an interlocutory appeal.
SEC’s Interlocutory Appeal On Ripple Case
The SEC has been granted permission to file a motion for leave to file an interlocutory appeal against Ripple Labs after Judge Torres Analisa was informed by the securities regulator on August 9 that her decision could…
