The article discusses the recent move by the U.S. Securities and Exchange Commission (SEC) to file an appeal against Ripple, the company behind the cryptocurrency XRP. The SEC argues that an interlocutory appeal is warranted due to two controlling questions of law that have divided opinions. However, commentators believe it is unlikely that the motion will be filed and even less likely that it will be granted. The article also mentions that the appeal focuses on the specific allegations against Ripple and its executives, not those related to exchanges. Meanwhile, XRP’s price has seen a slight decline.
AI Sentiment: Negative
