Summary
Ripple has filed an opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal in the ongoing legal battle. They have provided reasons for their position, including the lack of a clear legal question and the SEC’s misapplication of the Howey test. The defense team believes that even if the SEC were to win the appeal, it would not resolve the litigation. Lawyer Jeremy Hogan commented that Ripple’s opposition makes solid arguments and if the appeal is allowed, it could strengthen Ripple’s case in a higher court. Meanwhile, the price of XRP has declined in recent days and weeks.
Key Points
– Ripple opposes the SEC’s motion for an early appeal.
– They argue that the SEC lacks a clear legal question and has misapplied the Howey test.
– The defense team believes that winning the appeal would not resolve the litigation.
– Lawyer Jeremy Hogan believes Ripple’s opposition makes solid arguments and could strengthen their case in a higher court.
– The price of XRP has declined recently.
Hot Take
Ripple’s opposition to the SEC’s motion for an early appeal demonstrates their determination to fight the legal battle. They present strong arguments against the appeal and highlight the potential for further legal problems even if the SEC were to win. This opposition could help Ripple strengthen their case in a higher court. The declining price of XRP reflects the uncertainty surrounding the outcome of the litigation.
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