In the Ripple Labs Case, the Sec Has Asked the Court to Certify for an Interlocutory Appeal

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Last Updated on August 20, 2023 by Bitfinsider

The SEC filed a motion with the United States District Court for the Southern District of New York on Friday, requesting certification for interlocutory appeal in its ongoing dispute with Ripple Labs. The most recent request came just a day after the judge in the case said the agency could file an appeal.

According to the document, Ripple has until September 1 to respond to the current SEC motion. The SEC had already stated earlier this month that it intended to appeal the partial defeat in July, which caused the XRP cryptocurrency to skyrocket.

SEC lawyers said in an additional document that how the court handles the Ripple case might have a “substantial impact” on other existing cases, such as those between the regulatory agency and leading crypto trading sites Binance and Coinbase.

The regulatory agency also stated that an immediate appeal is warranted “because they involve controlling questions of law as to which there are substantial grounds for difference of opinion, and obtaining an appellate ruling on these issues now may materially advance the ultimate termination of this litigation.”

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