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Judge Approves Appeal Request of SEC in Ripple Case

sec ripple

Sec Ripple case has some news. In accordance with the latest news update, Judge Torres has approved the SEC’s motion to proceed with an interim appeal in the ongoing Ripple case.

The official document released includes the following statements:

  • The court has reviewed the letters dated August 9 and August 16, 2023, submitted by the involved parties.
  • Permission to initiate an appeal has been granted to the SEC.
  • The SEC is required to file its appeal by August 18, 2023.
  • The SEC, if it chooses to respond, is anticipated to submit its response by September 8, 2023.

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→ According to information obtained from legal experts, journalist Eleanor Terrett stated that obtaining approval for an appeal is quite challenging.

Judge Torres granted the request, enabling SEC rationale presentation to the Second Circuit in the ongoing Ripple case.. Simultaneously, Ripple will also retain the chance to initiate a counter-appeal, subject to evaluation by the Second Circuit.


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