The Securities and Exchange Commission #SEC said Wednesday that it planned to challenge a partial defeat in its ongoing case against #Ripple Labs, and told the court for the Southern District of New York that it will seek an appeal interlocutory.
“Interlocutory review is justified here,” he said in a letter to Judge Analisa Torres. “These two issues involve questions of control of law in which there is a substantial basis for differences of opinion, as reflected by a division within the district that has already developed. .”
The agency cited a recent case against #Terraform
Labs, where a judge rejected Torres' approach. An SEC official declined to comment when asked if that influenced his appeal.