Ripple Opposes SEC Motion to Appeal Judge’s Ruling
Ripple has filed a new motion opposing the U.S. Securities and Exchange Commission’s (SEC) attempt to appeal a federal judge’s ruling in its case against the crypto company. In its filing, Ripple argues that the SEC has not presented enough evidence to warrant an appeals court intervention and that an appeal would not lead to a faster resolution of the overall case. The judge had previously found that Ripple violated federal securities laws in selling XRP to institutional investors but not in making it available to retail investors. Ripple points out that the factual bases underlying each case are different, leading to different rulings.
Key points:
– Ripple argues that there are no controlling law questions and that an appeal wouldn’t expedite the resolution of the case.
– The judge’s ruling in July did not present a controlling question of law, according to Ripple.
– The SEC has until September 8 to respond to Ripple’s filing.
Ripple’s Case Against SEC Appeal
Ripple has opposed the SEC’s motion to appeal a federal judge’s ruling in its ongoing legal battle. Ripple argues that the SEC has not met the requirements for an appeal and that it wouldn’t speed up the resolution of the case. The judge’s previous ruling found that Ripple violated securities laws in selling XRP to institutional investors but not in making it available to retail investors. Ripple highlights the differences in the factual bases of each case, which led to different rulings. The SEC has until September 8 to respond to Ripple’s filing.
Ripple Counters SEC’s Attempt to Appeal Judge’s Ruling
Ripple has filed a motion opposing the SEC’s bid to appeal a federal judge’s ruling in their legal fight. The company argues that the SEC has failed to make a case for an appeals court intervention and that an appeal wouldn’t result in a faster resolution of the overall case. The judge’s previous ruling found that Ripple violated securities laws in selling XRP to institutional investors but not in making it available to retail investors. Ripple emphasizes the differences in the factual bases of each case, which led to different outcomes. The SEC has until September 8 to respond to Ripple’s filing.
Ripple Challenges SEC’s Appeal Effort in Legal Battle
Ripple has submitted a motion opposing the SEC’s attempt to appeal a federal judge’s ruling in their ongoing legal battle. Ripple argues that the SEC hasn’t provided enough evidence to justify an appeals court intervention and that an appeal wouldn’t expedite the resolution of the case. The judge had previously ruled that Ripple violated securities laws in selling XRP to institutional investors but not in making it available to retail investors. Ripple points out the differences in the factual bases of each case, which resulted in contrasting rulings. The SEC has until September 8 to respond.
Hot Take: Ripple Stands Firm Against SEC’s Appeal Bid
Ripple is not backing down in its legal fight against the SEC. By opposing the SEC’s motion to appeal the judge’s ruling, Ripple is asserting that there are no valid grounds for an appeal and that it wouldn’t speed up the resolution of the case. Ripple’s argument focuses on the differences between its case and the SEC’s case against Terraform Labs. The outcome of this battle will have significant implications for the crypto industry and how regulators approach digital assets.
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