The SEC’s Petition for Interlocutory Appeal on XRP’s Legal Ruling
The SEC has requested Judge Torres for the certification of an interlocutory appeal regarding the legal ruling on XRP. Famous lawyer and crypto enthusiast MetaLawMan believes that Ripple will oppose this motion.
Weighing Ripple’s Choices
- Ripple could outright challenge the appeal certification, arguing that the judgment in their favor is evident and a second appeal is unnecessary.
- Ripple might agree with the SEC’s motion, considering that future appeals are almost inevitable. The timing of the appeals becomes crucial in this scenario.
- A middle ground could be reached where Ripple agrees to an interlocutory appeal, but only if the SEC’s lone victory claim is also up for a counter-appeal.
MetaLawMan’s Prediction
MetaLawMan predicts that Ripple will reject the interlocutory appeal and adopt the first approach. Ripple does not want to concede any ground and believes that the verdict aligns with legal precedents. There is also a possibility of new legislation surrounding crypto that could redefine XRP’s Institutional Sales.
Hot Take
Ripple’s decision to reject the interlocutory appeal shows their confidence in the legal ruling and their belief that it aligns with existing legal precedents. This case highlights the ongoing battle between Ripple and the SEC, with both parties exploring different strategies to secure their positions.
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