{"id":22964,"date":"2023-08-18T07:45:27","date_gmt":"2023-08-18T07:45:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/judge-approves-secs-bid-for-interlocutory-appeal-in-ripple-xrp-case\/"},"modified":"2023-08-18T07:45:27","modified_gmt":"2023-08-18T07:45:27","slug":"judge-approves-secs-bid-for-interlocutory-appeal-in-ripple-xrp-case","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/judge-approves-secs-bid-for-interlocutory-appeal-in-ripple-xrp-case\/","title":{"rendered":"Judge Approves SEC’s Bid for Interlocutory Appeal in Ripple-XRP Case"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In the continuing legal battle over XRP between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), a significant event has occurred. Despite Ripple\u2019s concerns, District Judge Analisa Torres approved the SEC\u2019s request for an interlocutory appeal. This decision was made when Ripple Labs expressed its disagreement with the regulatory body\u2019s request. With this most recent ruling, the judicial drama surrounding the XRP lawsuit takes an exciting new direction.<\/p>\n

SEC\u2019s Interlocutory Appeal<\/strong><\/h2>\n

In the current legal drama, the U.S. Securities and Exchange Commission\u2019s attempt to submit an interlocutory appeal is of utmost importance. This action aims to acquire authorization to challenge particular parts of Judge Torres\u2019 decision in the Ripple-XRP lawsuit<\/a>. Judge Torres has granted the regulatory agency the go-ahead to pursue its appeal even though Ripple opposes this plea.<\/p>\n

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Key Dates and Timelines<\/strong><\/h2>\n

Judge Torres indicated the next course of action in an order that was issued on August 17. The SEC has until August 18 to submit its request for permission to initiate an interlocutory appeal. The defendants, Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen, on the other side, have until September 1 to submit their objection documents. The SEC then has until September 8 to provide a response, if deemed necessary, beyond that.<\/p>\n

Legal professionals describe the essence of Judge Torres\u2019 decision within the legal complexities. James K. Filan, an attorney, explained the scenario on Twitter: \u201cThe court has set a briefing schedule for the SEC\u2019s request to file a motion for leave to file an interlocutory appeal. This does not mean an interlocutory appeal has been authorized. It just means the SEC is allowed to request it.\u201d<\/em><\/p>\n

Unwavering Stance Amidst Appeal<\/strong><\/h2>\n

The ripple effect of this development is felt beyond the courtroom. Ripple\u2019s Chief Legal Officer, Stuart Alderoty, emphasized the company\u2019s stance against the SEC\u2019s appeal request. He expressed, \u201cWe oppose the SEC\u2019s 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.\u201d<\/em><\/p>\n

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While the legal wrangling continues, Ripple CEO Brad Garlinghouse is steadfast in his assertion about XRP\u2019s classification. He reminded the community, \u201cReminder \u2014 the request for appeal (even if granted) doesn\u2019t change the fact that XRP is not a security. That\u2019s not up for debate \/ trial.\u201d<\/em><\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In the continuing legal battle over XRP between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), a significant event has occurred. Despite Ripple\u2019s concerns, District Judge Analisa Torres approved the SEC\u2019s request for an interlocutory appeal. This decision was made when Ripple Labs expressed […]<\/p>\n","protected":false},"author":34,"featured_media":22965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22964"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22964"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22965"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}