A New York district court judge has accepted the Securities and Exchange Commission’s (SEC) request to file an interlocutory appeal in its case against Ripple Labs. This appeal comes after Ripple’s partial victory in July. The appeal process will not halt the rest of the case, and the SEC will still need permission from the Second Circuit Court of Appeals to file the actual appeal. This development is seen as a bad omen for XRP’s future, as it could be in jeopardy amid the SEC’s appeal efforts.
AI Sentiment: Negative