The U.S. Securities and Exchange Commission (SEC) has announced its intention to file an “interlocutory appeal” in response to a judge’s ruling regarding Ripple’s programmatic sales of XRP. In a court filing on Wednesday, the SEC expressed its disagreement with the judge’s decision and plans to challenge it.
The ongoing legal battle between Ripple and the SEC centers around the alleged sale of unregistered securities through the sale of XRP. The SEC has argued that Ripple’s actions violated federal securities laws and has sought to hold the company accountable. However, Ripple has pushed back against these allegations, claiming that XRP is a digital asset and not a security.
With this latest development, the SEC is taking steps to escalate the case further. By filing an “interlocutory appeal,” the regulator aims to challenge the judge’s ruling and potentially influence the outcome of the case. This move highlights the significance of the legal battle between Ripple and the SEC, as it continues to shape the regulatory landscape surrounding digital assets and their classification as securities.
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Keyphrase: Ripple’s programmatic sales of XRP in legal battle with SEC.
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