A federal judge has allowed the U.S. Securities and Exchange Commission (SEC) to argue that it can appeal against her ruling that Ripple did not violate securities laws in making XRP available to retail traders. Ripple has until September 1 to respond to the motion, and the SEC can reply by September 8. If the SEC wins its motion, it can ask an appeals court for permission to file the actual appeal of the ruling. The appeal process itself will not pause the rest of the case. However, if the SEC gets approval to file the appeal, the proceedings may be stayed until the appeal is resolved. The SEC faces challenges in obtaining approval for an appeal and may have undermined its arguments by previously suggesting that the Ripple decision does not impact other crypto securities lawsuits.
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