The XRP vs SEC lawsuit has taken an interesting turn as Judge Analisa Torres has granted the request from the market regulator to file an interlocutory Appeal over the July 13 ruling that declares XRP sales on secondary exchanges are not investment contracts.
XRP vs SEC Lawsuit: New Timelines
As contained in the notice published by Judge Torres, she said she has reviewed the motion for interlocutory Appeal from the US SEC as filed on August 9 as well as the counter response opposing the move as filed by blockchain payments firm, Ripple Labs Inc on August 16.
Timeline included 👇🏼 pic.twitter.com/QQ7NAQF5sH
— Eleanor Terrett (@EleanorTerrett) August 17, 2023
Having considered the merits of the arguments from both parties, Judge Torres said the SEC’s request is granted and gave the markets regulator until August 18 to file its motion to oppose. The Judge was magnanimous in that she gave Ripple Labs up to September 1 to file its opposition papers.
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