Judge Analisa Torres has approved the US Securities and Exchange Commission’s (SEC) request to file an interlocutory appeal in the XRP ruling. The judge has reviewed the motion for appeal as well as the counter response filed by Ripple Labs. She has instructed all parties to adhere strictly to the defined timelines. The ruling states that the offering of XRP tokens from Ripple Labs to institutional investors should be considered an investment contract, but tokens acquired on secondary markets are not. The SEC’s basis for its appeal remains unclear.
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