Ripple Labs pushed back against the Securities and Exchange Commission's request for appeal in an ongoing dispute in a new filing on Friday.
The SEC is looking to appeal part of a landmark decision from July as to whether some of Ripple's sales of XRP violated securities laws.
"First, the Court's summary judgment order does not present a controlling question of law suitable for interlocutory appeal." they continued."Second, the supposed substantial ground for disagreement is merely the SEC's dissatisfaction with the Court's application of Howey to most of Defendants' transactions in XRP."filed a motion with the U.S. District Court in the Southern District of New York, asking it to certify for interlocutory appeal.
The SEC wants to appeal the part of the decision about the programmatic sales as well as “other distributions” that included offers and sales of XRP in exchange for goods and services.
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