Ripple’s legal team has opposed the Securities and Exchange Commission’s (SEC) request for an interlocutory appeal in their ongoing legal battle. Ripple argues that the SEC has not satisfied the requirements to file an appeal and opposes the request to appeal the ruling that Ripple did not break securities laws in making XRP available to retail traders. Ripple’s lawyers state that the SEC’s grounds for an appeal primarily stem from dissatisfaction with the judge’s decision regarding XRP’s classification as a security. They believe the exceptional circumstances required for an interlocutory appeal are not present in this case. XRP holders’ attorney is confident that the SEC’s request will be denied. The fate of Ripple and XRP remains uncertain.
AI Sentiment: Neutral