Ripple has challenged the Securities and Exchange Commission’s (SEC) appeal in the ongoing lawsuit regarding the classification of XRP. Ripple argues that the SEC has not met the necessary requirements for an appeal and calls for the judge to deny the request. The company’s legal team asserts that exceptional circumstances required for an interlocutory appeal are absent in this case. In July, Judge Analisa Torres ruled that XRP did not meet the SEC’s criteria for classification as a security, leading to exchanges relisting XRP. The legal battle between Ripple and the SEC continues, with a jury trial proposed for the second quarter of 2024.
AI Sentiment: Neutral
