Recently, Judge Torres has ruled in favor of the U.S. Securities and Exchange Commission (SEC), granting their request for an interim appeal in the ongoing legal battle with Ripple.
The decision comes after careful consideration of the parties’ communications and sets the stage for further proceedings.
The decision by Judge Torres marks a pivotal moment in the ongoing Ripple-SEC legal saga. While the court has approved the SEC’s appeal request, the regulatory body must now present a compelling case to the Second Circuit.
This step is essential for the SEC to advance its position in the legal dispute.
Simultaneously, Ripple will also have the opportunity to file its own appeal against the SEC’s appeal. This subsequent appeal will undergo evaluation by the Second Circuit, underscoring the intricacies and layered nature of the legal proceedings.