Judge Analisa Torres has approved SEC’s appeal request

Judge Analisa Torres has approved SEC’s appeal request

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.

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.

This is a breaking news, please check back for updates

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!