Ripple might respond to SEC appeal move in this epic manner, legal expert predicts XRPArmy XRPCommunity XRP $XRP XRPHolders
took a new turn as, in a Wednesday filing, the SEC notified its intent to move for an interlocutory appeal to the Second Circuit Court of Appeals.
In the document submitted, the SEC stated it intends to seek an interlocutory appeal on Judge Torres' ruling that programmatic sales and other sales of XRP do not constitute securities transactions.
If the SEC's interlocutory appeal motion is denied, the SEC will have to wait until after the trial and remedies phases to file an appeal, according to CryptoLaw." on Twitter has referred to the issue at hand as"complicated legal concepts." This is because the SEC faces legal and procedural hurdles to getting permission to proceed with an interlocutory appeal.
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