Ripple argued that there is no extraordinary circumstance justifying a departure from the rule that requires all issues to be resolved before an appeal.
Ripple Labs has opposed the U.S. Securities and Exchange Commission’s request for an interlocutory appeal against Judge Analisa Torres’ decision on the sale of XRP constituting securities.by Ripple Labs chief legal officer Stuart Alderoty, the court should reject the SEC’s request because there is no extraordinary circumstance justifying a departure from the rule that requires all issues to be resolved before an appeal.a landmark decision in the legal case between the SEC and Ripple.
The judge’s ruling dealt a massive blow to the SEC because its lawsuit against Ripple was based on accusations that the company conducted an unregistered sale of securities even in secondary markets.
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