The SEC has filed a motion for leave in the Ripple lawsuit, and Ripple has until September 1 to respond. The SEC faces a challenging path as it requires approval from both Judge Torres and the Second Circuit Court of Appeals to proceed with the expedited appeal. Legal experts have noted the difficult legal standard that the SEC must satisfy and highlighted that the agency’s current appeal arguments have been undermined by its past statements. If the SEC wins approval from both courts, a stay on all proceedings might be issued until the appeal is resolved. The outcome of the case could shape the regulatory approach to digital assets in the future.

AI Sentiment: Neutral