SEC to seek interlocutory appeal in Ripple case

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The US Securities and Trade Fee has filed a letter of intent to request an interlocutory attraction to Decide Analisa Torres’ July thirteenth abstract judgment in its ongoing authorized battle in opposition to Ripple Labs.

In an Aug. 9 letter to Decide Torres, the SEC defined it believed her choice warrants a recent look by an appellate court docket.

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“Interlocutory evaluation is warranted right here. These two points contain controlling questions of legislation on which there’s substantial floor for variations of opinion as mirrored by an intra-district cut up that has already developed,” the SEC wrote.

The SEC added a “well timed appellate evaluation’ is warranted given the variety of actions presently pending which may be affected by how the Courtroom of Appeals resolves the problems at hand.

The submitting comes practically a month after Ripple scored a partial victory over the regulator over the authorized classification of XRP (XRP).

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