Is Ripple's Challenge to the SEC's Appeal in XRP Security Case a Turning Point in the Legal Battle? 🧐

In a legal showdown, Ripple's lawyers contest the SEC's #appeal , alleging it stems from mere "dissatisfaction" with a previous ruling that XRP isn't a security.

They argue that the #SEC hasn't met the criteria for an appeal and call for the judge to deny it. The SEC had sought an appeal and stay after a July ruling favored Ripple, claiming "differences of opinion" on the law.

Ripple's lawsuit against the SEC, initiated in 2020, led to #XRP delistings by exchanges. The crypto community's frustration with the SEC's approach to regulation is evident, and the legal battle continues, with a potential jury trial in 2024.

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#crypto2023

1. **#Ripple's Response to #SEC Actions:** Ripple's Chief Legal Officer, Stuart Alderoty, addressed recent SEC actions, asserting that the SEC currently lacks the right to appeal. The company has sought permission for an intermediate #appeal in response to the SEC's request for an interlocutory appeal.

2. **SEC's Appeal Request and Timeline:** The SEC submitted a letter to Judge Analisa Torres, seeking an interlocutory appeal against certain liability rulings in the #Ripple Labs case. Ripple is expected to file its response by August 16, while the SEC plans to submit a briefing by August 18. Alderoty's statement highlights the ongoing legal dynamics of the #case.

$XRP

The Dance of Seasons joins the Visionary Vanguard collection. A surreal depiction of nature's perpetual rhythm, captured in the form of a timeless tree.

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New Addition: Elegance in Pink has been added to the Visionary Vanguard collection, showcasing the grace of the natural world in striking detail.

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