The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) is further unfolding as the latter’s pursuit of an interlocutory appeal becomes a critical nexus of contention. Ripple has filed it’s opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal yesterday.
Chief Legal Officer (CLO) Stuart Alderoty stated via Twitter: “We oppose the SEC’s request for an interlocutory appeal. There is no extraordinary circumstance here that would justify departing from the rule requiring all issues as to all parties to be resolved before an appeal.”
Ripple’s Opposition Detailed
In their effort to counter the SEC’s motion for an interlocutory appeal, Ripple and its co-defendants Bradley Garlinghouse and Christian Larsen make several nuanced arguments:
To start, the company takes issue with the very nature of the SEC’s appeal. They postulate that the SEC hasn’t distinctly…
