The U.S. District Court for the Southern District of New York has granted the SEC’s request to file a motion for an interlocutory appeal in the ongoing Ripple case. However, this decision does not automatically authorize the appeal, but simply allows the SEC to formally request it. The court has set deadlines for both parties, with the SEC expected to file its motion by August 18 and Ripple’s opposition papers due by September 1. The appeal motion is in response to a prior ruling by Judge Torres, who determined that certain XRP transactions and distributions do not qualify as securities. Ripple’s legal counsel opposes the SEC’s appeal request, emphasizing the need to resolve all issues before seeking an appeal.
AI Sentiment: Neutral
