A New York judge granted the SEC's request to file a motion for leave to file an interlocutory appeal in an ongoing dispute with Ripple.
A New York district court judge granted the Securities and Exchange Commission’s request to file a motion for leave to file an interlocutory appeal in an ongoing dispute with Ripple Labs, according to a document filed in court on Thursday.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
The SEC would still need permission from the Second Circuit, which would then look into the interlocutory appeal.Ripple has been embroiled in a legal fight with the SEC since 2020, when the agency accused Ripple of raising $1.3 billion in 2020 through the sale of XRP, which it says is an unregistered security.
The SEC is looking to specifically appeal the part of the decision about the programmatic sales as well as “other distributions” that included offers and sales of XRP in exchange for goods and services.with Torres in a separate case brought by the SEC against Terraform Labs. Terraform had argued that Torres’ decision in the Ripple case invalidated the case.
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