The SEC on Friday filed a motion with the court, asking it to certify for interlocutory appeal in its ongoing dispute with Ripple Labs.
, SEC lawyers argued that how the court handles the Ripple case could have a
The regulatory agency also said that an immediate appeal is warranted"because they involve controlling questions of law as to which there are substantial grounds for difference of opinion, and obtaining an appellate ruling on these issues now may materially advance the ultimate termination of this litigation.
Judge Analisa Torres ruled last month that some of Ripple’s sales, called programmatic, of XRP did not violate securities laws because of a blind bid process in place for them. She also ruled that other direct sales of the token to institutional investors were securities, leaving a partial win for the SEC.
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