Ripple’s high-ranking executives, Chris Larsen and Brad Garlinghouse, have opposed the U.S. Securities and Exchange Commission’s (SEC) attempt to pause the trial proceedings in the ongoing legal battle between Ripple and the SEC. The SEC had sought to initiate an interlocutory appeal to address the status of Ripple’s programmatic XRP sales and distributions. Ripple argued that the court ruling did not involve a pivotal question of law, there were no substantial grounds for conflicting interpretations by the SEC, and an immediate appeal would not contribute to the timely resolution of the litigation. The trial is scheduled for Q2 2024. Ripple’s executives emphasized that the SEC’s appeal is unlikely to succeed and would not cause irreparable harm, urging caution and noting the negative impact a stay would have on the defendants. They argued that proceeding with the trial is in the public interest.
AI Sentiment: Positive
