ChainCatcher reported that according to TheBlock, SEC lawyers may appeal part of last week’s ruling against Ripple Labs, involving another enforcement case against TerraUSD and Luna founder Do Kwon and Terraform Labs.
“These portions of the ruling in the Ripple case are erroneous and should not be followed by the court,” SEC lawyers said in a filing Friday to a judge in the U.S. District Court for the Southern District of New York. The comments came in the agency’s case against Terraform Labs and its former CEO Do Kwon.
“SEC staff is considering various available avenues for further review and intends to recommend that the SEC seek such a review,“ the attorneys added.
