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Ripple vs SEC: What SEC’s request for an Interlocutory Appeal means…

2min Read

Mere hours after Judge Torres issued an order with regard to the Pretrial, the SEC Motion for Leave to File an Interlocutory Appeal around the sale of XRP.

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  • On 9 August, the SEC filed a letter requesting for Interlocutory Appeal with regard to its ongoing battle with Ripple.
  • Ripple’s Chief Legal Officer responds, states Ripple will file its response in the coming week.

On 9 August, AMBCrypto reported that Judge Torres issued a Pretrial Scheduling Order. Mere hours later, attorney James K Filan reported that the SEC filed a letter in court. The filed letter outlined the basis of the SEC for filing a Motion for Leave to File an Interlocutory Appeal with regard to sales of XRP.

To give context, an interlocutory appeal is an appeal of a non-final order issued during the course of litigation.

Adding fuel to the fire

Attorney Jeremy Hogan took to X (formerly known as Twitter) and questioned the SEC’s latest decision. He also clarified the SEC’s intent behind filing for the appeal.

Although Ripple’s CEO Brad Garlinghouse had no response to the SEC’s latest move, the payment provider’s Chief Legal Officer responded.

Stuart Alderoty took to X (formerly known as Twitter) to respond to the SEC’s letter. As per the Ripple executive, the SEC doesn’t have the right to appeal which justified the SEC seeking permission to file the interlocutory appeal.

His response also stated that Ripple would be filing its response next week.

At the time of writing, Ripple was back in X’s (formerly known as Twitter) list of trending topics. Additionally, XRP made some strides and was trading 0.45% higher in the last hour. Furthermore, the altcoin’s price action of the last 24 hours was also up by 2.77% as per data from CoinMarketCap.

 

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Aashna is a News Editor at AMBCrypto and is particularly interested in the how and what of blockchain technology, along with its vast applications. A flair for the language and her inquisitive nature are factors that spike her interest in the cryptocurrency space.
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